Iran earning huge amount from blocking oil to US - chilling way money being spent

Iran earning huge amount from blocking oil to US - chilling way money being spentA detailed report has shown that Iran is earning almost twice as much per day from oil sales as it did before the start of the Gulf conflicts, with funds flowing to militaryCommentsNewsMaria Letícia Gomes GAU Writer14:00, 07 Apr 2026Huge amount Iran is making from blocking oil to USThe combined military operation against Iran spearheaded by the United States and Israel has intensified several times since late February.‌Recent developments saw the Strait of Hormuz mostly shut down, interrupting approximately 15 percent of worldwide oil supply.‌Now, an extensive report released by The Economist reveals attacking Iran might not have delivered the outcomes the United States anticipated.‌Based on the analysis, Tehran is currently generating nearly double the daily revenue from oil sales compared to before the Gulf conflicts began.It is calculated that Iran is shipping between 2.4 and 2.8 million barrels per day, no less than it was prior to the war.View 3 ImagesAround 20% of the world's oil and gas passes through the Strait of Hormuz(Image: Iranian Army office/AFP via Gett)‌However, the element driving increased profits is that each barrel is now valued 75 percent higher than previously - projected to hit $104 per barrel in under a few months.The nation has also gained from the absence of discounts provided by rival suppliers to purchasers.The report emphasizes that China now takes in over 90 percent of Iranian oil, establishing it as the main buyer, reports the Mirror US.‌Previously, smaller independent refineries acquired Iranian oil at significant discounts.View 3 ImagesThe Strait of Hormuz has been a focal point of the conflict with Iran(Image: NASA Earth Observatory/AFP via Getty Images)However, since the Strait of Hormuz closure, supply from other Gulf nations has diminished, allowing Iran to raise its prices.‌It is documented that payments for these transactions are processed thr...