Pentagon estimates U.S. naval blockade has cost Iran $4.8 billion in oil revenue
A Pentagon official told The Hill that the U.S. naval blockade imposed on Iran has deprived the country of roughly $4.8 billion in oil revenues. The blockade, in place for more than two weeks, is part of President Trump’s strategy to pressure Tehran over its nuclear program. The estimate underscores the economic impact of the U.S. military measures.