Iran transferred $7.5 billion in oil revenues to its central bank during the first four months of the current Iranian year, with authorities saying oil sales remain close to budget targets despite the US naval blockade.
The revenues, generated between March 21 and July 22, amounted to 99% of the level projected in Iran’s state budget for the period, the semi-official Fars News Agency reported, citing information from the Oil Ministry.
According to the report, the funds transferred to the central bank are sufficient to cover the government’s anticipated foreign-currency expenditures from July through December.
Iranian authorities also maintain that the country has sufficient oil available for export outside the US blockade to meet the revenue requirements set under the state budget covering March 21, 2026, to March 20, 2027.
The figures come as the US naval blockade continues to restrict Iranian oil exports and maritime trade amid continuing tensions between Washington and Tehran.
The Strait of Hormuz, one of the world’s most important energy shipping routes, remains a central issue in the dispute. Iran closed the strategic waterway, while Washington has demanded its reopening to unrestricted international navigation.
The status of both the blockade and the strait also forms part of the memorandum of understanding reached in June to end the US-Iran war.
Iranian officials have maintained that Tehran will not fully reopen the Strait of Hormuz until Washington fulfils commitments under the agreement, including lifting the naval blockade and sanctions and releasing frozen Iranian assets.