Washington, May 2: The U.S. maritime blockade has resulted in an estimated loss of approximately $4.8 billion (around 456 billion rupees) in oil revenue for Iran, according to Axios, citing the U.S. Department of Defense (Pentagon).
The report indicates that during the blockade, two tankers were seized. Additionally, officials claimed that around 31 tankers carrying nearly 53 million barrels of oil are currently “stranded in the Gulf,” highlighting a significant drop in Iran’s oil exports. This situation is reportedly responsible for the $4.8 billion loss.
The U.S. blockade in Iranian waters is fully enforced, severely impacting Iran’s funding capabilities.
According to these officials, some vessels are now opting for a costly and lengthy route to deliver oil to China due to fears of the U.S. blockade, indicating a shift in shipping routes prompted by concerns over strict U.S. military actions.
This blockade was imposed by the U.S. during a temporary ceasefire at Iranian ports, aimed at pressuring Iran to accept a truce mediated by Pakistan, which would potentially end the ongoing conflict between Israel, the U.S., and Iran permanently.
Last month, Iran announced that it had fully reopened the Strait of Hormuz for commercial vessels following a 10-day ceasefire declaration between Israel and the armed group Hezbollah in Lebanon.
However, the blockade was reinstated when the U.S. refused to lift its restrictions. The U.S. stated that these sanctions would remain in place until a solid agreement to end the war with Iran is reached.
The U.S. maritime blockade has resulted in a loss of about $4.8 billion, equivalent to approximately 456 billion rupees (around 45,600 crore rupees) in oil revenue for Iran, as reported by Axios, based on Pentagon estimates.
My name is Himanshu Tiwari. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including TECHNOLOGY, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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