Scoop: U.S. blockade has cost Iran $4.8 billion, Pentagon says
Summary
The U.S. military is blocking Iran from selling oil in the Gulf of Oman, causing Iran to lose about $4.8 billion in oil revenue. This blockade is part of President Trump's effort to pressure Iran and influence peace talks.Key Facts
- The U.S. blockade started on April 13 and targets ships carrying Iranian oil or other banned goods.
- Over 40 ships have been turned back, and two have been seized by U.S. forces.
- About 31 oil tankers with 53 million barrels of Iranian oil are stuck, worth around $4.8 billion.
- Iran is using old tankers as floating storage because land storage is almost full.
- Some tankers are taking longer, more expensive routes to avoid the U.S. blockade, such as near Pakistan and India.
- Experts say Iran might try a large, sudden move to break through the blockade when they have more stored oil near Pakistan.
- The blockade aims to force Iran to stop oil production by filling all its storage and stopping new oil sales.
- Pentagon officials say the blockade is working as planned to reduce Iran’s money for activities they say cause regional problems.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.