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 assessments from the U.S. Department of Defense (Pentagon).
The report highlights that during the blockade, two tankers were seized. Additionally, officials claim that around 31 tankers carrying nearly 53 million barrels of oil are currently “stuck in the Gulf,” indicating a significant decline in Iran’s oil exports. This situation has reportedly led to the substantial financial loss of $4.8 billion.
The U.S. blockade at sea is being enforced rigorously, 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, reflecting changes in shipping routes prompted by the stringent actions of the U.S. military.
This blockade was imposed by the U.S. during a temporary ceasefire at Iranian ports, aimed at pressuring Iran to accept the truce mediated by Pakistan, which seeks to permanently resolve the ongoing conflict between Israel, the U.S., and Iran.
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, restrictions were reinstated on this waterway when the U.S. refused to lift its blockade. The U.S. maintains that these sanctions will remain in place until a solid agreement is reached to end hostilities with Iran.
The maritime blockade by the U.S. has cost Iran nearly $4.8 billion, equivalent to about 456 billion rupees (approximately 45,600 crore rupees) in oil revenue, as reported by Axios, based on Pentagon assessments.
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