{"id":95017,"date":"2026-05-03T02:36:09","date_gmt":"2026-05-03T02:36:09","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/95017\/"},"modified":"2026-05-03T02:36:09","modified_gmt":"2026-05-03T02:36:09","slug":"iran-faces-a-major-economic-crisis-as-naval-blockade-by-us-navy-hits-tehran-hard-causing-massive-loss-of-usd-4-8-billion","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/95017\/","title":{"rendered":"Iran faces a major economic crisis as naval blockade by US Navy hits Tehran hard, causing massive loss of USD 4.8 billion"},"content":{"rendered":"

Home<\/a> News<\/a>Iran faces a major economic crisis as naval blockade by US Navy hits Tehran hard, causing massive loss of USD 4.8 billion, Trump now plans to\u2026 <\/p>\n

“They want to make a deal, I’m not satisfied with it, so we’ll see what happens. At this moment, I’m not satisfied with what they’re offering,” Trump told reporters Friday at the White House.<\/p>\n

\"Published
\n Published: May 3, 2026 7:29 AM IST <\/p>\n

\"Iran
\n Iran faces a major economic crisis as naval blockade by US Navy hits Tehran hard (AI Generated) <\/p>\n

New Delhi: A naval blockade carried out by the US Navy has dealt a major blow to Iran, pushing Tehran into a deep economic crisis, according to a report by Axios. The report has stirred global political and economic circles. It further stated that a sharp decline of USD 4.8 billion in oil revenue has deepened Tehran\u2019s economic crisis. US officials say the impact of the blockade is clearly visible on the ground.<\/p>\n

It is important to note that currently, around 53 million barrels of oil aboard 31 tankers are stranded in the Gulf. The seriousness of the situation can be gauged from the fact that two tankers have already been seized. Cargo ships are now taking longer and significantly more expensive routes to deliver oil to China, fearing US action.<\/p>\n

ALSO READ: Will US resume strikes on Iran? Donald Trump warns Tehran of action if \u2018they misbehave\u2019<\/a><\/p>\n

Experts are of the opinion that the key trade routes such as the Gulf of Oman and the Strait of Hormuz have now become nothing short of an impregnable fortress for Iran. This entire effort is aimed at pressuring Iran to accept a ceasefire, which is being mediated by Pakistan.<\/p>\n

Add India.com as a Preferred Source\"Add<\/a> <\/p>\n

ALSO READ: US at war with Iran because we can\u2019t let \u2018lunatics\u2019 have nukes: Donald Trump<\/a><\/p>\n

Here are some of the key details:<\/p>\n

The blockade will not be lifted until a permanent agreement is reached to end the ongoing conflict between Israel, the US, and Iran.
\n\u201cThis operation is a devastating blow to the Iranian regime\u2019s ability to fund terrorism and spread instability,\u201d Pentagon Acting Press Secretary Joel Valdez said
\nIran had recently claimed to have reopened the Strait of Hormuz, the firm stance of the United States has dashed those hopes.
\nThis ongoing game of strategic moves at sea now stands at a decisive turning point.
\nWashington has approved the sale of weapons worth over USD 8.6 billion to key West Asian allies such as Israel, Qatar, Kuwait, and the UAE.
\nAs per the US State Department, this decision has been taken amid heightened regional tensions due to the prolonged conflict with Iran.
\nThis approval comes in the ninth week of the war with Iran and three weeks after the recent ceasefire, with the aim of strengthening regional security.<\/p>\n

Donald Trump not satisfied with the fresh Iran proposal to end war<\/p>\n

In a significant development, Iran has submitted a fresh proposal to the US to end the two-month war as the Strait of Hormuz,\u00a0but US President Donald Trump said he is \u201cnot satisfied\u201d.<\/p>\n

\u201cThey want to make a deal, I\u2019m not satisfied with it, so we\u2019ll see what happens. At this moment, I\u2019m not satisfied with what they\u2019re offering,\u201d Trump told reporters Friday at the White House.<\/p>\n

The new proposal came amid Trump\u2019s claims that Iran was dying to make a deal to end the war as its economy was in dire straits after Washington unleashed Economic Fury against Tehran. No details were immediately available about the new proposal by Iran.<\/p>\n

Earlier, Tehran had offered to reopen the Strait of Hormuz and end the war, but wanted to postpone the negotiations on its nuclear programme to a later date.<\/p>\n","protected":false},"excerpt":{"rendered":"Home NewsIran faces a major economic crisis as naval blockade by US Navy hits Tehran hard, causing massive…\n","protected":false},"author":2,"featured_media":95018,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[262,38,5438,2567,34,37,2289,33461,101,69,51,1537],"class_list":{"0":"post-95017","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tehran","8":"tag-china","9":"tag-donald-trump","10":"tag-economic-crisis","11":"tag-gulf-countries","12":"tag-iran","13":"tag-israel","14":"tag-mojtaba-khamenei","15":"tag-naval-blocade","16":"tag-strait-of-hormuz","17":"tag-tehran","18":"tag-united-states","19":"tag-white-house"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116508320282396467","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/95017","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=95017"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/95017\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/95018"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=95017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=95017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=95017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}