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Pentagon says US naval blockade has cost Iran $4.8 billion
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Pentagon says US naval blockade has cost Iran $4.8 billion

The Hill · May 2, 2026, 2:09 AM · Also reported by 4 other sources

Why this matters: political developments that affect policy direction and public trust.

The Pentagon has estimated that the U.S. naval blockade has cost Iran about $4.8 billion in oil revenue, a Pentagon official familiar with the assessment told The Hill late Friday. The blockade, which was instituted more than two weeks ago, is one of the actions President Trump has used to inflict p

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