Iran Loses $4.8 Billion in Oil Revenue Amid US Blockade
Iran has reportedly lost $4.8 billion in oil revenue due to a US blockade, which has significantly impacted the Strait of Hormuz. This blockade has also raised concerns about a potential global fertilizer crisis and risks to food production.
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Iran faces growing crisis as US blockade squeezes Hormuz, losses hit $4.8bn
By TOI WORLD DESK
Read full article →Iran Loses $4.8 Billion In Oil Revenue Due To US Blockade: Report
The blockade ordered by the Trump administration as leverage in ceasefire negotiations has redirected more than 40 vessels attempting to pass through with Iranian oil and other cargo
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