Iran transferred $7.5 billion in oil revenue to the central bank during the first four months of the current Iranian year, covering 99% of the period’s budgeted target. The funds would be sufficient for the government’s foreign-currency expenditures from July through December, while Iran retains enough oil for sale outside the US naval blockade to meet revenue requirements for the March 21, 2026-March 20, 2027 budget year. The blockade has disrupted Iran’s oil exports and maritime trade, with the Strait of Hormuz remaining a central point of dispute. Iran has closed the waterway, while the US has demanded unrestricted navigation. A June memorandum of understanding to end the US-Iran war included lifting the blockade and reopening the strait; Iranian officials say full reopening depends on Washington lifting the blockade and sanctions and releasing frozen Iranian assets.