Iran transferred $7.5 billion in oil revenues from sales during the first four months of the current Iranian year to the central bank, Anadolu reports citing the semi-official Fars news agency.

Tehran’s oil ministry says the funds will be sufficient to cover the government’s foreign-currency expenditures from July through December, and that Iran has enough oil available for sale outside the US naval blockade to meet the revenue requirements set under its state budget for March 21, 2026-March 20, 2027.

Oil revenues on March 21-July 22, the first four months of the Iranian year, have reached 99 per cent of the amount projected in the budget for the period, according to Fars.