According to a report by Al-Jazeera on Thursday, September 3, 2026, Iran received more than $1 billion in oil-related revenues during an 11-day period ending September 2, according to a report by the semi-official Fars News Agency, as Tehran continues to face intense economic pressure and restrictions on its oil exports.
Fars, citing documents reviewed by one of its reporters, said the funds were transferred into Iran’s foreign exchange reserves during the period. The reported inflow could provide some relief to the Iranian economy by strengthening the Central Bank’s ability to meet demand for foreign currency.
The development comes at a particularly challenging time for Tehran, with the country facing the combined effects of international sanctions, military confrontation with the United States and disruption to its oil exports.
According to Fars, Iran’s oil sales during the first five months of the current Iranian fiscal year generated revenue equivalent to more than 80 per cent of the amount of oil income projected in the government’s 2026-27 budget. The Iranian fiscal year began on March 21, 2026, and will end on March 20, 2027.
The reported $1 billion inflow is significant because oil remains one of Iran’s most important sources of foreign currency. The Central Bank relies on foreign-exchange earnings to help finance imports and meet other hard-currency requirements.
The latest figures also follow an earlier report that Iran transferred approximately $7.5 billion in oil revenues to its central bank from oil sales during the first four months of the current fiscal year. Iranian officials presented the transfer as evidence that Tehran had continued generating foreign currency despite mounting pressure on its energy sector.
However, the latest revenue claims come against a sharply worsening outlook for Iran’s oil exports. Reuters reported this week that a US naval blockade has severely disrupted Iranian crude shipments through the Strait of Hormuz, with Iranian crude loadings falling from around two million barrels per day in March to an estimated 220,000–255,000 barrels per day in August.
That decline could make sustained oil revenue increasingly difficult for Tehran if the disruption continues.
Nevertheless, Iran appears to have generated substantial income from oil sales earlier in the year, allowing authorities to accumulate or transfer foreign currency even as restrictions on exports intensified. A separate tanker-tracking analysis estimated that Iran exported about 52.7 million barrels of oil in June alone, worth approximately $4.51 billion at estimated market values.
The latest Fars report therefore highlights a complex picture of Iran’s finances. On one hand, Tehran is still managing to bring significant oil revenues into the country. On the other, its ability to maintain those earnings is being challenged by sanctions, military developments and restrictions affecting shipping routes.
The situation has also contributed to volatility in Iran’s currency market. The Iranian rial recently fell to a record low of roughly 2.20 million rials to the US dollar amid the intensifying conflict and economic pressure.
Meanwhile, international oil prices have risen as markets assess the consequences of the conflict and disruptions around the Strait of Hormuz. Brent crude recently settled above $95 per barrel, reflecting concerns about supplies from the Middle East.
Fars said the additional foreign currency would improve the central bank’s capacity to meet Iran’s foreign-exchange requirements.
COURTESY: NewsNight24
