Pentagon claims US blockade has cost Iran $4.8 bn: Report
- Posted on May 2, 2026
- By Business News Today
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Pentagon claims US blockade has cost Iran $4.8 bn: Report
A US blockade in the Gulf of Oman and surrounding maritime routes has reportedly cost Iran nearly $4.8 billion in oil revenue, according to Pentagon estimates cited by Axios. Officials state the operation aims to maintain sustained economic pressure on Tehran, with a blockade continuing until pre-February 27 freedom of navigation is achieved.
