Scoop: U.S. blockade has cost Iran $4.8 billion, Pentagon says

The Defense Department estimates Iran has been denied nearly $5 billion in oil revenue because of the U.S. blockade in the Gulf of Oman, causing unprecedented pressure on Tehran's government. Why it matters: The blockade is President Trump's most significant leverage tool to negotiate ending the war with Iran , and the Pentagon wants to emphasize its impact as peace talks stop and start. Zoom in : Since the blockade began April 13, the U.S. military has redirected more than 40 vessels that have

More from Axios

"These are not normal times": Inside Democrats' sweeping 2028 redistricting plans

Axios·4

Iran offers new response on draft peace deal, Trump "not satisfied"

Axios·10

Asian Americans report highest anxiety as U.S. debates identity and immigration

Axios·8

Supreme Court supercharges the death of competitive districts

Axios·8

Oil prices hit highest level since Iran war's start

Axios·11

Scoop: Commanders to brief Trump on new Iran military options Thursday

Axios·17