Iran’s oil ministry said Saturday it sold $18 billion worth of oil during the recent war with the United States and the subsequent ceasefire, covering more than 60 percent of the country’s projected annual oil revenues despite the crisis.
According to a ministry statement, $11.5 billion was sold during the fighting and another $6.5 billion after the ceasefire took effect. The figures were published on the ministry’s official website.
The claim contrasts with earlier remarks by Iran’s parliament speaker and chief negotiator Mohammad Bagher Ghalibaf, who said in late June that the country had been unable to export any oil while U.S. forces blockaded its ports.
Hostilities began on February 28 after U.S. and Israeli strikes on Iranian targets. Iran responded with attacks on U.S. allies in the region. An April ceasefire largely halted the fighting, but tensions reignited in July as both sides contested control of the strategic Strait of Hormuz.
The conflict has also produced secondary effects elsewhere. Nigerian officials and oil companies reported a combined $4 billion windfall linked to the Middle East disruption.
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