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conflictLOWUS2026-05-02 02:09 UTC

Pentagon says US naval blockade has cost Iran $4.8 billion 

Pentagon says US naval blockade has cost Iran $4.8 billion 

The Defense Department 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 t

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