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Pentagon says US naval blockade has cost Iran $4.8 billion
Pentagon officials say the blockade has redirected more than 40 vessels and left 31 tankers carrying 53 million barrels stuck.
- 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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US Naval Blockade Has Cost Iran $4.8 Billion In Oil Revenue: Report
Iran has reportedly lost about $4.8 billion in oil revenue since the U.S. naval blockade took effect on April 13, the Pentagon estimated Friday, as nuclear negotiations remain at a stalemate. A Pentagon official familiar with the assessment confirmed the figure to The Hill, first reported by Axios. “We are inflicting a devastating blow to the Iranian regime’s ability to fund terrorism,” acting Pentagon press secretary Joel Valdez said Friday. "…
·New York, United States
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The United States blockade in the Gulf of Oman has put unprecedented pressure on Tehran.
Coverage Details
Total News Sources17
Leaning Left3Leaning Right5Center5Last UpdatedBias Distribution39% Center, 38% Right
Bias Distribution
- 39% of the sources are Center, 38% of the sources lean Right
39% Center
L 23%
C 39%
R 38%
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