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Pentagon says US naval blockade has cost Iran $4.8 billion
May 2, 2026
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Posted 3 hours ago by
The Defense Department has estimated that the U.S. naval blockade has cost Iran about 4.8 billion in oil revenue, a Pentagon official familiar with the assessment told The Hill late Friday. The blockade, which was instituted more than two weeks ago, is one of the actions President Trump has used to inflict pressure on Iran...
The Hill
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