Iran reports $7.5bn in oil revenues amid US naval blockade

Iran reports $7. 5bn in oil revenues amid US naval blockade Submitted by MEE staff on Sat, 08/29/2026 - 09:50 Fars news says oil revenues nearly met budget projections even as talks with Washington over the blockade remain stalled People shop for produce at the historic Tajrish Bazaar in northern Tehran on 25 August 2026 (AFP) Off Iran transferred $7. 5bn in oil revenue from sales during the first four months of the current Iranian year to the central bank, the semi-official Fars News Agency reported on Saturday, as Tehran said it had continued to meet its budget targets despite a US naval blockade.