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U.S. blockade has cost Iran $4.8 billion, Pentagon says
May 2, 2026
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Joint Chiefs chair Gen. Dan Caine explains the U.S. military’s blockade in the Gulf of Oman during a Pentagon briefing last month. Photo: Alex Wong/Getty Images The Defense Department estimates Iran has been denied nearly 5 billion in oil revenue because of the U.S. blockade in the Gulf of Oman, causing unprecedented pressure on Tehran’s government.
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Ya Libnan
Coverage and analysis from Lebanon. All insights are generated by our AI narrative analysis engine.
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