Iran is drafting next year’s budget under the premise that oil revenue could fall to zero, with senior budget official Mohammad Ghasemi telling the government on Monday to prepare for that scenario, as the country appears to be weeks away from that eventuality. Iran has loaded no crude since August 25, according to the US Treasury, and the oil it held at sea outside the US blockade fell from 88.8 million barrels in mid-July to zero by mid-October. Chinese buyers pay one to two months after delivery, so Kpler expects that revenue could stop…

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.