News  Sources

Iranian armed forces plan to triple Revolutionary Guard budget thanks to oil exports

Iran's upcoming 2025 budget will triple the amount of oil revenue allocated to its armed forces, with $13 billion directed toward military spending. The remaining 42.5% of oil revenue will go toward the government's operating budget. Iran expects to increase daily oil exports by 350,000 barrels next year, bringing the total to 3.75 million barrels per day. Despite U.S. sanctions, Iran has been able to export near-record amounts of oil. The Biden administration has been criticized for not enforcing sanctions and allowing Iran to fund its proxies.

Original article source: https://www.foxnews.com/politics/iran-triple-revolutionary-guard-budget-oil-revenue
Source Id: 8379562923

share this article:  

Our mission is to provide you with up-to-date, concise news from multiple sources in one place, keeping you informed about Israel.
 
Hit 'Subscribe' to get the latest curated news about Israel delivered daily to your inbox