Pentagon says US naval blockade has cost Iran $4.8 billion
Summary
The U.S. Department of Defense says the naval blockade against Iran has caused Iran to lose about $4.8 billion in oil sales. This blockade started more than two weeks ago and is part of President Donald Trump's efforts to pressure Iran.Key Facts
- The U.S. Navy is enforcing a blockade on Iran’s oil exports.
- The blockade has been in place for over two weeks.
- The estimated loss to Iran from this blockade is $4.8 billion in oil revenue.
- The Defense Department provided this estimate.
- The blockade is a tool used by President Donald Trump to increase pressure on Iran.
- The information was reported by The Hill based on a Pentagon official’s statement.
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