Iran claims selling $18bn oil during war and ceasefire

By the Editorial Team · Sunday, July 26, 2026

Iran earned $18 billion from oil sales during periods of conflict and ceasefire, with $11.5 billion generated during war and $6.5 billion when calmer conditions allowed increased exports. These revenues, representing 60% of Iran's annual oil budget, demonstrate the country's ability to maintain significant oil exports despite regional instability.

Iranian Oil Minister Mohsen Paknejad reported that the country generated $18 billion in oil sales during periods of conflict and ceasefire. According to Paknejad, $11.5 billion of the revenue was earned during the war, while an additional $6.5 billion was obtained amid a ceasefire, when reduced risks to tanker movements allowed for increased exports.

The minister indicated that the improved conditions during the ceasefire enabled Iran to sell some of its stockpiled crude oil and gas condensate, estimated at around 100 million barrels. These combined sales accounted for 60% of the oil revenue estimated in Iran’s annual budget, highlighting oil’s continued importance to the country’s economy despite ongoing regional tensions.

Paknejad did not specify the exact time frame covered by these figures or provide further details on the buyers of the oil. The data underscores Iran’s efforts to sustain its oil exports under varying security conditions affecting the region’s maritime routes.

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