Iran will allow importers of basic goods to receive and sell oil cargoes from next year under an expanded barter scheme aimed at securing essential supplies, Agriculture Minister Gholamreza Nouri Ghezeljeh said on Sunday.
Under the new arrangement, companies that import staple goods will be introduced by the Agriculture Ministry to the Oil Ministry to receive oil shipments, which they will sell in order to finance their imports, he said.
“One of the good methods of supplying goods is barter with oil, and we have increased the ceiling for oil barter with basic goods imports,” Nouri Ghezeljeh said, according to IRIB.
He said the value of oil bartered for basic goods imports this year had been raised from $1 billion to $1.5 billion by year-end. The share allocated to basic goods and animal feed imports will increase further next year, alongside changes in the implementation method.
Previously, the Oil Ministry provided cargoes to oil traders, who sold the shipments and then arranged imports. From next year, importers themselves will be introduced to receive oil cargoes directly, he said.
Iran has increasingly relied on barter arrangements to secure essential goods amid US sanctions restricting its access to the global financial system.
The transfers involved at least six Iranian diplomats who carried suitcases filled with US dollars on commercial flights to Lebanon, according to the information.
The cash deliveries formed part of efforts to help Hezbollah rebuild its finances and operational capacity after sustaining significant blows to its leadership, weapons stockpiles and funding networks.
Those involved include Mohammad Ebrahim Taherianfard, a former ambassador to Turkey and senior Foreign Ministry official; Mohammad Reza Shirkhodaei, a veteran diplomat and former consul general in Pakistan; his brother Hamidreza Shirkhodaei; Reza Nedaei; Abbas Asgari; and Amir-Hamzeh Shiranirad, a former Iranian embassy employee in Canada.
Taherianfard traveled to Beirut in January alongside Foreign Minister Abbas Araghchi. He carried a suitcase filled with dollars, relying on diplomatic immunity to avoid airport inspection.
Similar methods were used on other trips, with diplomats transporting cash directly through Beirut’s Rafik Hariri International Airport.
Ali Larijani, secretary of Iran’s Supreme National Security Council, also traveled to Beirut in October and carried hundreds of millions of dollars in cash, according to the information.
After Israeli strikes disrupted weapons and cash-smuggling routes used by Iran’s Revolutionary Guards in Syria, Beirut airport emerged as a primary channel for direct cash deliveries.
Hezbollah’s longstanding influence over security structures at the airport has in the past facilitated such transfers, though Lebanese authorities have recently increased control.
The cash shipments come as Hezbollah faces acute financial strain. The group has struggled to pay fighters and to finance reconstruction in parts of southern Lebanon heavily damaged in fighting. Rebuilding costs have been estimated in the billions of dollars.
In January 2025, The Wall Street Journal reported that Israel had accused Iran of funneling tens of millions of dollars in cash to Hezbollah through Beirut airport, with Iranian diplomats and other couriers allegedly carrying suitcases stuffed with US dollars to help the group recover after major losses.
Israel filed complaints with the US-led cease-fire oversight committee, while Iran, Turkey and Hezbollah denied wrongdoing. The report said tighter scrutiny at Beirut airport and the disruption of routes through Syria had made such cash shipments a more prominent channel for funding.
On Tuesday, the US Treasury announced new sanctions targeting what it described as key mechanisms Hezbollah uses to sustain its finances, including coordination with Iran and exploitation of Lebanon’s informal cash economy.
The Treasury’s Office of Foreign Assets Control sanctioned Lebanese gold exchange company Jood SARL, which operates under the supervision of US-designated Al-Qard Al-Hassan, a Hezbollah-linked financial institution. Treasury said Jood converts Hezbollah’s gold reserves into usable funds and helps the group mitigate liquidity pressures.
OFAC also sanctioned an international procurement and commodities shipping network involving Hezbollah financiers operating from multiple jurisdictions, including Iran.
“Hezbollah is a threat to peace and stability in the Middle East,” Treasury Secretary Scott Bessent said in a statement, adding that the United States would continue working to cut the group off from the global financial system.
Iran has long considered Hezbollah a central pillar of its regional alliance network and has provided the group with financial, military and logistical support for decades.
