Iran's oil ministry stated it sold $11.5 billion during the war and $6.5 billion during the recent ceasefire, totalling $18 billion. This revenue covers more than 60% of the year's oil budget forecast despite the ongoing crisis with the United States. The sales occurred amidst US-Israeli strikes and a US blockade on Iranian ports, with hostilities resuming over the vital Strait of Hormuz. Sustained Iranian oil sales, despite geopolitical tensions, could influence global crude prices, potentially affecting Pakistan's import bill and indirectly impacting USD/PKR stability and domestic inflation.
بحوالہ / Source: www.brecorder.com