Coverage Comparison
Two news agencies — Reuters (via The Jerusalem Post) and Russia's TASS — reported on March 31, 2026, that Iranian Oil Minister Mohsen Paknejad announced a significant reduction in discounts on Iranian oil shipments and a substantial rise in the average selling price.
According to Reuters, which was cited by The Jerusalem Post, Paknejad said that Iranian oil sales in recent weeks have been favorable and that part of the revenue will be allocated to repairing damage to industry caused by wartime attacks. He also stated that oil workers maintained operations across facilities during the conflict, ensuring exports were not halted "even for a single day," including at key hubs such as Kharg Island.
TASS quoted Paknejad as saying on his Telegram channel: "The necessary measures have been taken to ensure fuel security, and citizens can rest assured. Price reductions on Iranian oil sales have fallen significantly, and the average selling price has seen a substantial increase."
Both outlets note that the selling price of Iranian crude has significantly increased, but only TASS provides context about an ongoing conflict. TASS reports that on February 28, the United States and Israel began a war against Iran, with major Iranian cities including Tehran coming under strikes. The Iranian Revolutionary Guard Corps (IRGC) announced a large-scale retaliatory operation and targeted US military facilities in several countries.
Key Claims
Oil Price and Discounts: Both Reuters and TASS report that Iran has reduced discounts on its oil shipments, with average selling prices rising substantially. This claim is consistent across the available coverage.
Export Continuity: Reuters reports Paknejad's assertion that oil exports were never halted "even for a single day" during the conflict. This claim comes from a single outlet and has not been independently verified.
Revenue Allocation: Reuters states that part of oil revenue will be used to repair damage from wartime attacks. This is attributed directly to the oil minister.
Conflict Context: TASS describes a war that began on February 28, involving US and Israeli strikes on Iran and Iranian retaliatory operations. It also mentions the closure of the Strait of Hormuz to vessels linked to the US, Israel, and supporting countries, and subsequent passage allowed for friendly nations. These details appear only in the TASS article and are not confirmed by other sources.
Perspectives
Iranian Government/State Media (via TASS): TASS, as a state-owned Russian agency, reflects Iranian official messaging, emphasizing price increases, export stability, and portraying the conflict as a US-Israeli war against Iran. It repeats Tehran's justifications for closing the Strait of Hormuz and for retaliatory operations.
International Wire (Reuters via Jerusalem Post): Reuters provides a more neutral, factual report focused on the minister's statements, without delving into geopolitical context. The Jerusalem Post's framing highlights Iran's oil resilience despite conflict, but omits details about the Strait of Hormuz or the war's onset.
Potential Market/Global Implications: The reported reduction in Iranian oil discounts and higher prices could affect global oil markets, though the extent is not covered. The closure of the Strait of Hormuz, as reported by TASS, would be a significant geopolitical development, but it is not confirmed by other sources in this briefing.
Additional Notes
This article is based on extracts from two news reports. Where details differ or are uniquely reported, they are noted as such. No claims of omission are made, as full article texts were not available.