Iran's oil economy

Iran's oil economy is a major driver of its national income, with the country holding one of the world's largest proven oil reserves. Oil exports generate significant revenue, influencing Iran's government budgets and economic stability. However, these revenues are affected by international sanctions, global oil prices, and production policies. Iran's reliance on oil makes its economy vulnerable to market fluctuations, and efforts to diversify have faced challenges. The oil industry also provides employment and supports related industries, making it central to Iran’s economic landscape and geopolitical strategies.