Iran’s revenues from crude oil and oil products surged by 55 percent between March and October, the first seven months of the Iranian year, compared to the same period of the previous year, the Islamic Republic News Agency (IRNA) reported on Monday, quoting data from the Central Bank of Iran. Between March and October, Iran’s oil exports revenues were helped by high volumes of exports early in the period—with Iran’s oil exports at record in April and May , and later on with the high oil prices in the late summer and early fall. Iranian crude oil and oil product revenues in the first four months of the Iranian year beginning March 21 until July 23 jumped by 60 percent on the year to reach the equivalent of US$9.9 billion, according to Iran’s central bank. After July, however, Iran’s oil exports started to drop noticeably as buyers were unwilling […]