Iran’s Oil Revenues Hit Record High
WANA (Oct 09) – According to the latest report by the U.S. Energy Information Administration (EIA), Iran’s oil revenues reached $43 billion in 2024, marking the highest level since 2018.
The EIA estimates that Iran’s oil income in 2024 rose by $1 billion compared to the previous year. The report indicates that Iran earned $42 billion in 2023 and $38 billion in 2022, showing a total increase of $5 billion over the past two years.
The U.S. Energy Information Administration — the analytical and statistical arm of the Department of Energy — stated that in 2018, when the United States withdrew from the Joint Comprehensive Plan of Action (JCPOA), Iran’s oil and condensate export revenues amounted to $51 billion. Following the reimposition of sanctions, this figure dropped sharply to $11 billion.
Iran’s Oil Revenues. Social Media / WANA News Agency
However, despite the continuation of “maximum pressure” sanctions and Washington’s efforts to reduce Iranian oil exports to zero, Iran’s oil revenues have surged by more than $32 billion over the past six years, moving closer to pre-sanction levels.
This upward trend suggests that Iran has managed to increase oil sales and improve its ability to access export revenues, even under ongoing restrictions.
Iran’s Oil Exports Surge After Snapback Mechanism
WANA (Oct 06) – Data from oil shipment tracking firms show that Iran’s crude exports in September surged to their highest level in seven years, reaching close to 2 million barrels per day. According to TankerTrackers, Iran’s crude oil exports in September 2025 climbed to levels unseen since mid-2018. This sharp increase came […]
