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Reading: International report: $6 billion in Iranian oil revenues for the Revolutionary Guard after the Hormuz Agreement
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BusinessOil And Gas

International report: $6 billion in Iranian oil revenues for the Revolutionary Guard after the Hormuz Agreement

Iran and the increase in oil exports at the present time

علي رجب
Last updated: 04/08/2026 11:10 am
Ali Ragab
علي رجب
ByAli Ragab
News Editor
Ali Ragab, editor at Voice of Emirates News Agency, Cairo office, is an Egyptian journalist and poet, a member of the Egyptian Journalists Syndicate, specializing in...
- News Editor
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International report: $6 billion in Iranian oil revenues for the Revolutionary Guard after the Hormuz Agreement
Iranian oil (Photo/Archive)
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Highlights
  • The American blockade and its impact on shipping
  • “Ghost Fleet” movements near Pakistani coast

Washington, DC – A recent report by the Coalition Against Nuclear Iran (UANI) indicates that 66 tankers have departed the Gulf of Oman. These tankers were carrying large shipments of Iranian oil and petrochemical products. Their departures have occurred since the announcement of the memorandum of understanding between Washington and Tehran. This memorandum is known as the Strait of Hormuz Agreement.

The report explained that these oil and petrochemical exports generated “revenues estimated at more than six billion dollars” for the Iranian Revolutionary Guard. The Revolutionary Guard, in turn, continues to use these funds to finance its military program for developing missiles and drones. The organization also noted that these figures remain estimates, given that China does not publicly disclose the actual prices and volume of its crude oil purchases. However, some estimates suggest that these shipments were sold at a discount of between 10 and 12 dollars per barrel.

The American blockade and its impact on shipping

On July 14, at 4:00 PM Eastern Time, U.S. forces reinstated a strict naval blockade on vessels transiting to and from Iranian ports and coastal areas. They also provided support for law-abiding shipping within Iranian territorial waters. Data indicates that, as of August 3, U.S. forces had diverted 44 commercial vessels attempting to breach the blockade. Additionally, they disabled two vessels that failed to comply with instructions. They boarded two others to ensure full compliance.

As a result of these tightened measures, numerous Iranian oil and petrochemical tankers are currently anchored in ports along the Iranian coast due to the blockade. The organization has not been able to track any tankers carrying Iranian crude oil leaving the Gulf of Oman since July 12. This reflects their inability to evade US law enforcement measures since that date. This was prior to the full reimposition of the blockade.

“Ghost Fleet” movements near Pakistani coast

In a related development, the Automatic Identification System (AIS) detected at least nine tankers belonging to the “ghost fleet” linked to UANI attempting to enter the Gulf of Oman on August 2. However, these vessels likely encountered strict US blockade measures, forcing them to turn back. They returned to the Outer Port Limit (OPL) berth in Karachi, approximately 70 kilometers off the Pakistani coast. It is worth noting that the “ghost fleet” began congregating at this berth during a previous round of US blockades. Furthermore, their operations have expanded significantly since then.

TAGGED:AmericaIranoilStrait of HormuzThe Middle EastUSVoice Of EmiratesVoice Of Emirates Website News
SOURCES:Voice of EmiratesNewswires
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Previous Article Oil prices rose 1% amid doubts about a truce between Washington and Tehran Oil prices rose 1% amid doubts about a truce between Washington and Tehran
Next Article A 4.1 magnitude earthquake strikes the suburbs of Vargan in Hormozgan Province, southern Iran A 4.1 magnitude earthquake strikes the suburbs of Vargan in Hormozgan Province, southern Iran

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