Iran benefits most from rising oil prices during the war

15:03 - 17.03.2026


March 17, Fineko/abc.az. Iran receives more than $140 million a day amid rising oil prices above the level of $100 per barrel, ABC.AZ reports, refering to the Financial Times.

The country, despite the US sanctions, exports about 1.5–1.6 million barrels of oil daily.

After the United States and Israel launched attacks on Iran, 13 supertankers loaded oil at the main terminal of Kharq Island.

Nearly 24 million barrels of Iranian oil were transported through the Strait of Hormuz, although Iran restricted the route for other vessels. Most of the supplies are carried out through a shadow fleet that hides its routes.