Iran to Use Oil Revenues for Post-Attack Industrial Reconstruction

Iranian Oil Minister Mohsen Paknejad announced that a portion of the country's recent oil revenues will be dedicated to repairing industrial damage inflicted by wartime attacks. Speaking on Tuesday, Paknejad highlighted that oil sales have remained favorable despite the ongoing conflict. He praised the resilience of oil workers, who successfully maintained operations across various facilities, ensuring that oil exports were not interrupted for even a single day. This continuity included critical export hubs such as Kharg Island, which remained operational throughout the hostilities. The minister also referenced a significant increase in the selling price of Iranian crude oil noted in the previous month. This strategic allocation of funds aims to restore industrial capacity compromised by the attacks while leveraging the robust performance of the energy sector. The statement underscores Iran's effort to balance immediate reconstruction needs with the sustained economic lifeline provided by its oil exports, demonstrating the sector's critical role in the nation's wartime economy and recovery plans.