Tehran: More than US$1 billion in oil revenues entered Iran during the first 11 days of the period ending September 2, Anadolu Ajansi reported, citing the semi-official Fars News Agency on Thursday. Citing documents reviewed by its reporter, the agency said oil-related foreign currency was added to the country's foreign exchange reserves during the period.

According to Nam News Network, the report mentioned that the additional funds would enhance the Central Bank's capacity to meet the country's foreign currency needs. It also noted that Iran's oil sales during the first five months of the current fiscal year generated revenues equivalent to more than 80 percent of the oil income projected in Iran's 2026-27 budget, which spans from March 21, 2026, to March 20, 2027.

The latest figures follow similar data released by Iran's Oil Ministry in late August, which indicated that US$7.5 billion in foreign currency generated from oil sales during the first four months of the fiscal year, from March 21 to July 22, had been transferred to the Central Bank.

These developments come amid increased economic pressure from Washington on Tehran. The US recently initiated "Operation Economic Outcast," a campaign designed to sever Iran's access to global financial channels and limit its capacity to generate and repatriate revenues, including those from oil sales. As part of this campaign, Washington imposed new sanctions targeting numerous entities, individuals, and vessels, while expanding secondary sanctions risks for parties continuing business with Tehran.