Despite US Blockade, Iran Receives Its Oil Revenues

More than US$1 billion in oil revenues entered Iran during the first 11 days of the period ending in early September, according to a report by Iran’s Fars News Agency published Thursday. Citing documents reviewed by its reporter, FNA said the oil-related foreign currency was added to Iran’s foreign exchange reserves, strengthening the Central Bank’s ability to meet the country’s foreign currency requirements.

The latest figures follow data released by Iran’s Oil Ministry in late August showing that US$7.5 billion generated from oil sales between March 21 and July 22, 2026, had been transferred to the Central Bank. FNA also reported that oil sales during the first five months of the current Iranian fiscal year generated revenue equivalent to more than 80% of the oil income projected in Iran’s 2026–27 budget, which runs from March 21, 2026, to March 20, 2027. The reported inflows come as Washington continues to tighten economic pressure and sanctions on Tehran. Iranian officials have rejected the pressure campaign, arguing that U.S. measures will not force Iran to change course and accusing Washington of lacking the ability to build an effective coalition against Tehran. The figures indicate that, despite intensified U.S. economic restrictions, Iran continues to generate substantial foreign-currency income from oil exports. - Defense Mirror