US Naval Blockade Has Cost Iran $4.8 Billion In Oil Revenue: Report

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Iran has reportedly lost about $4.8 billion in oil revenue since the U.S. naval blockade took effect on April 13, the Pentagon estimated Friday, as nuclear negotiations remain at a stalemate.

A Pentagon official familiar with the assessment confirmed the figure to The Hill, first reported by Axios.

“We are inflicting a devastating blow to the Iranian regime’s ability to fund terrorism,” acting Pentagon press secretary Joel Valdez said Friday.

Speaking at the White House on Friday about Iran’s latest peace …

Full story available on Benzinga.com

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