Iran Reports $18 Billion Oil Sales During War

Iran’s oil ministry on Saturday said it was able to sell a total of $18 billion worth of oil during the war and the ensuing ceasefire with the United States.

“The ministry sold $11.5 billion of oil during the war and $6.5 billion during the ceasefire” that collapsed earlier this month, the ministry said in a statement carried by its official website.

“This covers more than 60 percent of the oil revenues forecast in the year’s budget in the midst of the crisis,” it added.

Iran Executes Man For Alleged Israel Spy Links (NewsCentral TV) — Iran Flag. Credit: France 24.

In late June, however, Iran’s parliament speaker and chief negotiator Mohammad Bagher Ghalibaf had said that Iran was unable to export any oil during the US blockade on its ports.

US-Israeli strikes on Iran sparked the war on February 28, prompting Iran to retaliate against US allies in the region.

An April ceasefire largely put an end to fighting, but hostilities resumed earlier in July as the two foes battle over control of the vital Strait of Hormuz.

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Jimisayo Opanuga

Jimisayo Opanuga is a web writer in the Digital Department at News Central TV, where she covers African and international stories. Her reporting focuses on social issues, health, justice, and the environment, alongside general-interest news. She is passionate about telling stories that inform the public and give voice to underreported communities.