America: Iran's Oil Losses Exceed $6 Billion Due to Naval Blockade

U.S. Military Announces: Naval Blockade Prevented Iran from Over $6 Billion in Oil Revenues

The U.S. military announced that the blockade imposed on Iranian ports has prevented Iran from receiving financial revenues exceeding $6 billion, as part of the economic pressures related to the ongoing conflict in the region, according to an official statement.

41 Oil Tankers Stuck Preventing Sale of 69 Million Barrels of Iranian Crude

The statement clarified that there are currently 41 oil tankers carrying about 69 million barrels of Iranian crude oil, which remain unable to sell due to the restrictions imposed on their movement within the scope of the naval blockade.

New Oil Tanker Redirected During Attempt to Breach U.S. Blockade

In this context, the U.S. military confirmed that it redirected vessel number 42, which was attempting to breach the naval blockade imposed on Iranian ports, as part of ongoing maritime surveillance operations.

Trump Urges Iran for a Political Agreement to End War with Washington and Israel

U.S. President Donald Trump urged Iran to "act wisely soon" and reach an agreement to end the war with the United States and Israel, amid escalating tensions in the region.

Trump also indicated that he discussed with U.S. oil companies ways to deal with the potential effects of the blockade on Iranian ports, which may last for months, raising concerns about the stability of oil supplies in the Middle East.

Losses Exceed $50 Billion in Oil Exports Since War Began

Reuters' calculations up to mid-April indicate that losses in Iranian crude oil supplies have exceeded $50 billion since the war with Iran began, due to the restrictions imposed on exports.

Iran Justifies Fuel Crisis with "War Conditions" and Confirms Supply Stability

Iranian Oil Minister Javad Owji justified fuel consumption rationalization measures with "war conditions," confirming that there are no internal concerns regarding securing and distributing fuel.

He also clarified that the supply system is operating normally and is under complete control, according to statements reported by local media.

Severe Storage Crisis Forces Iran to Use Unconventional Oil Sites

Iran is facing increasing pressures in the oil sector due to the accumulation of large quantities of unsold crude, prompting it to use unconventional storage methods including abandoned tanks and sites known as "scrap warehouses," in an attempt to avoid production stoppage.

The Wall Street Journal reported from Kepler data company that the blockade on exports through the Strait of Hormuz has led to a sharp decline in oil shipments, exacerbating the storage crisis within the country.

Forecasts of Iranian Oil Production Falling Below 1.3 Million Barrels Per Day

According to estimates, Iranian crude oil production may drop to between 1.2 and 1.3 million barrels per day if the blockade continues, with the possibility of falling to more than half by mid-May if export restrictions persist.

Iranian Rial Falls to Historic Low Against Dollar

The Iranian rial recorded a sharp decline to its lowest level ever against the dollar yesterday, according to currency tracking sites, as the U.S. naval blockade on Iranian ports continues.

In the black market, the exchange rate reached about 1.8 million rials per dollar, according to Bonbast and Alan Chand sites, compared to about 1.7 million rials when the war broke out two months ago.

Divergence in Official and Unofficial Exchange Rates in Iran

Iran officially relies on several fixed exchange rates, but sites like Bonbast and Alan Chand are often used as unofficial references to determine the dollar price in the parallel market, amid ongoing economic pressures.