A US blockade in the Strait of Hormuz has stalled dozens of Iranian tankers and disrupted export routes, raising pressure on Tehran and global oil flows.<\/p>\n
According to the U.S. Department of Defense, Iran has foregone nearly $5 billion in revenue from oil sales due to the American blockade in the Strait of Hormuz.<\/p>\n
According to the defense department, the blockade is viewed as a key lever for the United States in negotiations to end the war with Iran.<\/p>\n
Since the blockade was imposed on April 13, American forces have prevented more than 40 ships from passing through the prohibited route.<\/p>\n
Scale and Impact<\/p>\n
In total, 31 tankers carrying 53 million barrels of Iranian oil are stranded in the gulf; their estimated value is at least $4.8 billion. Two vessels have been detained by U.S. forces.<\/p>\n
Some tankers are choosing a more expensive and longer route to China to avoid interception by the United States, officials said.<\/p>\n
Due to congested land storage facilities, Iran has begun using old tankers as floating storage.<\/p>\n
\u201chas ended\u201d<\/p>\n
\u2013 Donald Trump<\/p>\n
The blockade\u2019s impact points to Iran\u2019s reduced access to global markets and a significant hit to the country\u2019s oil industry, which could affect regional stability and the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"A US blockade in the Strait of Hormuz has stalled dozens of Iranian tankers and disrupted export routes,…\n","protected":false},"author":2,"featured_media":93668,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[526,34,33010,42,101,33011,69,24317,33009],"class_list":{"0":"post-93667","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tehran","8":"tag-floating-storage","9":"tag-iran","10":"tag-iranian-oil-losses","11":"tag-news","12":"tag-strait-of-hormuz","13":"tag-tanker-rerouting","14":"tag-tehran","15":"tag-us-blockade","16":"tag-us-blockade-strait-of-hormuz-iranian-oil-losses-tanker-rerouting-floating-storage"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116502186240500089","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/93667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=93667"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/93667\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/93668"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=93667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=93667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=93667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}