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Pentagon says US naval blockade has cost Iran $4.8 billion
The blockade has redirected 48 vessels and pushed tankers into longer routes, while Iran’s oil revenue loss nears $5 billion, Pentagon officials said.
- The Pentagon estimates the United States naval blockade has denied Iran nearly $5 billion in oil revenue, exerting unprecedented financial pressure on Tehran's government.
- Since the blockade began on April 13, the United States military has redirected more than 40 vessels while maintaining control over the Strait of Hormuz and the Gulf of Oman.
- In total, 31 tankers laden with 53 million barrels of oil are "stuck in the Gulf" and worth at least $4.8 billion as on-land storage facilities reach capacity.
- On Friday, Treasury Secretary Scott Bessent called Iranian leadership "rats in a sewer pipe," stating the blockade will continue until achieving "Freedom of Navigation" as it existed before February 27.
- Acting Pentagon Press Secretary Joel Valdez said the blockade is "operating with full force and delivering the decisive impact we intended," inflicting a "devastating blow" to Iranian funding while maintaining unrelenting pressure.
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The United States government reported that it has diverted at least 48 ships since the start of the naval blockade imposed against Iran, as part of its military offensive in the region.
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AlKhaleej Today
AlKhaleej TodayUS blockade costs Iran $4.8 billion in lost oil revenue, Pentagon says
WASHINGTON — A U.S. naval blockade targeting Iranian oil shipments has cost Tehran an estimated $4.8 billion in lost revenue, a Pentagon official said, citing a Defense Department assessment.The blockade, imposed on April 13 in and around the Strait of Hormuz, is part of pressure measures ordered by U.S. President Donald Trump amid stalled negotiations with Iran.Acting Pentagon Press Secretary Joel Valdez said the operation is having a significa…
·Jeddah, Saudi Arabia
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Total News Sources44
Leaning Left4Leaning Right8Center12Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 17%
C 50%
R 33%
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