Iran’s energy sector is booming despite years of US-led sanctions. In 2024, oil output achieved a 46-year high, with energy exports hitting $78bn, up from $18bn in 2020, Firstpost reported.

Experts say sanctions are becoming increasingly ineffective as Iran, aided by China, continues to bypass restrictions using discreet shipping and non-dollar transactions. China now buys around 90 percent of Iran's oil.

Iran has also expanded exports of gas liquids and relies on the South Pars field for most of its gas production. The Revolutionary Guards have strengthened domestic infrastructure, reducing reliance on foreign partners, according to Firstpost.

Geopolitical tensions, including with Israel, have had minimal impact, keeping Iran’s oil industry resilient and well-funded.