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The Nexus
SECURITYMay 1 · 20:57 UTCAXIOSMarc Caputo

Scoop: U.S. blockade has cost Iran $4.8 billion, Pentagon says

The U.S. blockade in the Gulf of Oman has denied Iran $4.8 billion in oil revenue by redirecting 40 vessels and blocking 31 tankers carrying 53 million barrels of oil. Iran is using older tankers as floating storage and longer routes to bypass U.S. interdiction, while the Pentagon emphasizes the economic pressure as a key tool in negotiations.

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