Crude oil is one of Iran’s most vital economic resources, contributing significantly to government revenues and foreign exchange earnings. With some of the largest proven oil reserves in the world, Iran remains a key player in the global energy market.

From an export perspective, crude oil has traditionally been one of Iran’s main export commodities. Countries like China, India, and several regional neighbors have long been among its primary customers. Despite sanctions, Iran has continued its exports through alternative channels and regional agreements.

Iran’s competitive advantages in crude oil include low extraction costs, access to a wide range of oil fields, and a strategic geographic location near the Persian Gulf and major global energy transit routes. These factors ensure that crude oil continues to play a central role in Iran’s macroeconomic stability, even under external pressures.