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US blockade cost Iran nearly $5 billion - Axios

Kyiv • UNN

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Due to the US blockade in the Strait of Hormuz, Iran lost $4.8 billion in revenue. The military redirected more than 40 vessels carrying sanctioned cargo.

US blockade cost Iran nearly $5 billion - Axios

The US estimates that Iran has lost approximately $4.8 billion in oil revenue as a result of the blockade of the Strait of Hormuz. This was reported by Axios, according to UNN.

Details

According to the Pentagon, since the start of the operation on April 13, the US military has diverted more than 40 vessels carrying oil and other sanctioned cargo.

The US Department of Defense states that the blockade is aimed at increasing economic pressure on Tehran and limiting its ability to finance destabilization in the region.

"The US blockade in the Strait of Hormuz is in full force and is producing the effect we expected,"

- stated acting Pentagon press secretary Joel Valdez.

At the same time, according to media reports, US President Donald Trump compared the actions of the US Navy to piracy.

The Strait of Hormuz is one of the world's key oil transportation routes, and the situation surrounding it remains tense amid the conflict in the Middle East.

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