Report Says US Naval Blockade Disrupts Iran Oil Exports, Causing $4.8 Billion Loss
Report claims US naval blockade has disrupted Iran’s oil exports, causing an estimated $4.8 billion revenue loss.
The United States Department of Defense has estimated that Iran has lost approximately $4.8 billion in oil revenue as a result of a naval blockade imposed by the US Navy on Iranian ports, according to a report by Axios citing unnamed officials.
The report said that during the course of the blockade, two oil tankers have been seized by US forces. It also noted that as many as 31 additional tankers carrying roughly 53 million barrels of crude oil are currently “stuck in the Gulf,” underscoring what officials describe as a significant disruption to Iran’s export operations.
According to the same officials, the blockade has also forced changes in global shipping behavior. Some vessels are reportedly taking longer and more expensive routes to deliver oil to China, driven by concerns over possible US maritime interdiction. The shift has added logistical costs and increased uncertainty in Iran’s oil trade flows.
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The blockade, as described in the report, was imposed during a temporary truce period as part of broader US efforts to pressure Iran into accepting a ceasefire arrangement aimed at ending ongoing hostilities involving Israel, the United States, and Iran. The agreement framework was reportedly linked to diplomatic efforts including regional mediation.
Separately, Iran had announced last month that it had reopened the Strait of Hormuz to commercial shipping following a 10-day truce between Israel and the Iranian-backed Hezbollah in Lebanon. However, the waterway was later subjected to renewed restrictions after Washington declined to lift its blockade, stating that measures would remain until a permanent settlement was reached.
In related developments, US President Donald Trump told lawmakers that hostilities with Iran had “terminated,” according to Politico, noting that no exchanges of fire had occurred since April 7, 2026. Under the 1973 War Powers Resolution, any military action without congressional authorization must end within 60 days, placing the deadline for this operation around May 1, following its initiation on February 28, 2026.
Also Read: Trump Administration Rejects ‘War’ Label As Iran Deadline Clock Nears End
