Iran has met its oil revenue and budget targets despite the war and naval blockade. The news agency Fars reported that Iran has sufficient sellable oil reserves to fund its budget.
According to Petroleum Ministry data, 99 percent of the oil revenue target set in the budget was achieved in the first four months of this year.
The report said that during those four months, the Petroleum Ministry had already transferred $7.5 billion in foreign currency earnings from oil sales to the central bank. This money will make it possible to cover the government’s foreign-currency expenditures through next January.