Iran has achieved its oil-revenue and budget targets despite war and a naval blockade, according to a Fars report cited by Al Jazeera. Petroleum Ministry data showed that 99 percent of the oil-revenue target set in the budget was realized during the first four months of the current year.

The report said Iran has sufficient oil stocks available for sale to finance its budget. During the four-month period, the Petroleum Ministry transferred $7.5 billion in foreign-currency earnings from oil sales to the central bank.

According to the report, the transferred funds can cover the government’s foreign-currency-denominated spending through next January. The source text did not provide further details on oil volumes, sales destinations, the nature of the blockade, or the budget target amount.