Iran Transfers $7.5 Billion in Oil Revenues to Central Bank Amid US Naval Blockade
Iran transferred $7.5 billion in oil revenues to its central bank on August 29, 2026, despite a US naval blockade. The funds, derived from oil sales over four months, were intended to meet foreign currency requirements and bolster foreign exchange reserves. The move underscores Iran's resilience in circumventing economic sanctions.
Where Sources Diverge
The-malay-mail and antara both report the exact amount of $7.5 billion, while the-daily-prothom-alo refers to it as '7.5 billion dollars' without specifying the currency.
US$7.5b
$7.5 billion (approximately Rp133 trillion)
7.5 billion dollars
Timelines
Sources
According to the Iranian Fuel Oil Ministry, the sale of oil has provided the government with the necessary funds to cover its foreign currency requirements from July to December, making it possible to meet the required foreign exchange reserves.
Iran reports $7.5bn in oil revenues amid US naval blockade Middle East Eye
Iran has transferred $7.5 billion (approximately Rp133 trillion) in oil revenue from sales over four months ...
Iran transfers US$7.5b in oil revenues to central bank amid US blockade Malay Mail