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Iran says it sold $18 billion worth of oil during its war with the United States and the subsequent ceasefire, according to a report citing Al Jazeera. Iranian Oil Minister Mohsen Paknejad said the revenue from those sales has made a significant contribution to the oil-income target set in the country’s current fiscal-year budget.

Paknejad said proceeds from oil sales have met more than 60 percent of the budget’s planned oil-revenue target for the current fiscal year. He attributed increased Iranian oil exports to a reduction in risks associated with the movement of oil tankers.

The minister also said Iran was able to sell part of its stockpiled crude oil and gas condensate, estimated at about 100 million barrels. The report did not specify the buyers, export destinations, the precise period of the conflict or ceasefire, or a breakdown between crude oil and gas-condensate sales.

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