According to the semi-official Fars News Agency, Iran has transferred $7.5 billion in oil sales revenue to the central bank during the first four months of the current Iranian year. Tehran stated that despite the maritime blockade by the United States, the country continues to meet planned budgetary targets.
Iranian Ministry of Oil data indicates that these funds will be sufficient to cover the government's foreign currency expenditures from July to December. Fars reported that oil revenues for the period from March 21 to July 22, covering the first four months of the Iranian year, reached 99 percent of the budget allocation for that period.
These financial figures come against the backdrop of the US maritime blockade, which has disrupted Tehran's oil exports and sea trade. The status of the Strait of Hormuz remains a central element of the ongoing dispute between Washington and Tehran.
Iran has restricted passage through this strategic waterway during the conflict, while the United States insists on its full opening to ensure free and unrestricted navigation. One of the key provisions of the Memorandum of Understanding (MoU) reached in June to end the war between the US and Israel against Iran was the lifting of the US maritime blockade and the opening of the Strait of Hormuz.
Iranian officials emphasized that Tehran will not fully restore passage until Washington fulfills its obligations under this MoU, including ending the blockade, unfreezing Iranian assets, and lifting sanctions.
Iranian President Masoud Pezeshkian stated that US sanctions negatively affect the country's economy. In an interview with state television, he noted: 'Some say that sanctions have no effect at all; I really don't know what to tell those people. We are in a state of war and must accept these military conditions.'
Tehran Governor Mohammad Sadegh Motamadian announced on Saturday that the blockade has created 'very exceptional and unique' conditions for governing the country during wartime. Speaking on a television program, Motamadian specified that Iran is facing increased sanctions alongside infrastructure attacks and a maritime blockade, according to the Iranian Students' News Agency (ISNA).
Motamadian added that the maritime blockade has led to the country being managed under truly exceptional and unique circumstances. He also mentioned that infrastructure across the country, especially in Tehran, has been targeted during the war, with the capital becoming a primary target for strikes by the US and Israel.
It was noted that over 1200 electrical infrastructure facilities in Tehran province have been subjected to attacks, but authorities were able to restore services quickly. Although water infrastructure was also affected, it was repaired rapidly, as were telecommunications and gas facilities.
Motamadian also stressed that sanctions against Iran have intensified during the war, putting additional pressure on the country's economy. The US-Israel war against Iran began on February 28 with attacks on military, nuclear, and infrastructure facilities across the country. In response, Tehran launched missile and drone strikes against Israel and US military targets in the region.
The June memorandum was intended to launch negotiations toward a final agreement, but these discussions later stalled due to disagreements over security guarantees and freedom of navigation through the Strait of Hormuz.
The International Maritime Organization (IMO) reported on Friday that 400 vessels and about 6,000 sailors remain stranded six months after the start of the Gulf of Persian conflict. IMO Secretary-General Arsenio Dominguez stated: 'Although some vessels and their crews have managed to leave the Gulf, up to 400 vessels with approximately 6,000 sailors have been unable to leave safely since the beginning of the conflict.'
Dominguez warned that the disruption of fuel and fertilizer supply chains has 'serious' consequences for global communities and economies.