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Iran unable to fund 'proxy militia'; lost $25b in oil exports to naval blockade: US
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The United States has asserted that Iran faces significant financial challenges due to a naval blockade. This blockade has reportedly restricted Iran's import and export capabilities, particularly affecting oil. Additionally, the US claims that Iran has suffered substantial losses, estimated at $25 billion, due to this blockade. Iran’s Islamic Revolutionary Guard Corps recently reported an incident involving a supertanker in the Strait of Hormuz.
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Iran unable to fund 'proxy militia'; lost $25b in oil exports to naval blockade: US
PRANJAL PANDEY · 10/17/2026, 11:14:59 AM
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