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Iran’s national currency. the rial. has kept its value against other currencies. signaling strength in the face of the new rounds of US sanctions against Tehran which were announced on Friday.

Abdolnasser Hemmati said that his country’s non-oil economy recorded a 0.4% growth in the first 3 months of the current Persian calendar year (March 21-June 21). adding that it showed that Tehran has contained the negative impacts of US sanctions.

The unprecedented attack knocked out more than half of Saudi crude output. or five percent of global supply.

The new sanctions are aimed at blocking Iran’s international transactions and its access to food and medicine.

The attacks early on Saturday morning knocked 5% off the world’s total oil supply.

The drone attacks on the Khurais oilfield and the Abqaiq oil processing facility took an estimated 5.7 million bpd in production capacity off the market.

There is enough oil in global stockpiles to replace barrels Saudi Arabia had temporary lost due to the attacks.

Iran has posted a more-than-$1-billion foreign trade surplus for the 1-year period ending August 20. according to the data released by the country’s Customs Administration (IRICA).

A sharp rise in oil prices also comes at a delicate time for the global economy.

The emergency stockpile is stored in huge underground salt caverns along the U.S. Gulf Coast.