Iran’s oil windfall grows after sanctions relief, says speaker

Iran has exported more than 40 million barrels of oil since the complete lifting of the US maritime blockade, Iranian Parliament Speaker Mohammad Bagher Ghalibaf announced.

In an interview with Iran’s state broadcaster, Ghalibaf said that following the removal of restrictions, the opponent was forced to retreat, allowing Iranian commercial vessels and oil tankers to resume passage through the Gulf of Oman and the Strait of Hormuz.

“After the maritime blockade was lifted, the opponent retreated, and the passage of the Islamic Republic’s commercial ships and oil tankers through the Gulf of Oman and the Strait of Hormuz was reopened. Since the lifting of the blockade, more than 40 million barrels of oil have been exported,” Ghalibaf added.

He also stated that after the suspension of US sanctions on the sale of Iranian oil and petroleum products, the country began selling its energy resources at higher prices.

According to the parliamentary speaker, the value of Iran’s oil exports has increased by approximately 20% compared with the period before the conflict with the United States, while revenue from sales has started to flow into the country’s accounts.

“Some said that lifting the sanctions was an unattainable promise. However, the sanctions were lifted, and now Iranian oil is being sold at prices 20% higher, with the proceeds being credited to our accounts,” he said.

By Jeyhun Aghazada