US says naval blockade cost Iran $25 billion in oil exports, strains proxy funding

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The United States claims that a naval blockade has left Iran facing serious financial strain. According to Washington, the blockade has restricted Iran's ability to import and export goods, with oil shipments hit especially hard. The US estimates Iran has lost around $25 billion in oil export revenue as a result. The claims come as Iran's Revolutionary Guard reported an incident involving a supertanker in the Strait of Hormuz.

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