US Naval Blockade Costs Iran Nearly $6 Billion in Oil Revenue
Iran has lost nearly $6 billion in oil revenue over April and May 2026, after the US Navy imposed a blockade on its ports. Data from Kpler shows exports fell from nearly 2 million barrels per day in March to under 300,000 barrels per day in May. The blockade, launched by President Donald Trump on April 13, aims to pressure Tehran into accepting peace terms.