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Iran’s oil coffers bolstered by war

Apr 2, 2026, 6:33pm EDT
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A tanker waits outside the Strait of Hormuz
Stringer/Reuters

The US-Israeli attacks may have devastated Iran’s leadership and military, but the conflict has bolstered its oil income.

Tehran is earning nearly twice as much from oil sales each day now than before the conflict began, The Economist reported.

Iran is now effectively in control of the Strait of Hormuz, allowing only some vessels to pass through the vital waterway, and is preparing to set up a toll booth.

The country could emerge from the war with “practical control over Gulf energy exports,” a Financial Times columnist wrote, while energy import-dependent Asian nations might also consider paying up.

Tehran’s economy appears resilient, too: After decades of sanctions, Iran makes much of what it struggles to import.

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