Iran says it sold $18bn of oil during war, ceasefire
- The ministry sold $11.5 billion of oil during the war and $6.5 billion during the ceasefire
Iran's oil ministry reported $18 billion in oil sales during its conflict with the US, covering over 60% of its budget, despite conflicting reports on export capabilities.
- Iran's oil revenue during its conflict with the US.
- Conflicting reports on Iran's oil export capabilities.
- The timeline and causes of the US-Iran conflict.
- Ongoing battle for control of the Strait of Hormuz.
TEHRAN: 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.
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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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