Trump administration estimates that blockade in the Gulf of Oman already costs Iran $4.8 billion, says website

Oil tankers and cargo ships line up in the Strait of Hormuz on March 11, 2026, seen from Khor Fakkan, United Arab Emirates. AP/Altaf Qadri, Archive President Donald Trump’s administration estimates that Iran failed to collect $4.8 billion in oil revenue due to restrictions imposed by the United States in the Gulf of Oman, putting strong economic pressure on Tehran. The information is from the American news website Axios. The measure is Trump’s main and most recent pressure strategy to try to negotiate an end to the war with Iran. By releasing the data, the US Department of Defense seeks to show the impact of this action while peace negotiations continue without a definitive agreement. (read more below) 🗒️Do you have any suggestions for a report? Send it to g1 The American president began the operation in the Gulf of Oman region on April 13. The area is linked to the Strait of Hormuz — one of the most strategic maritime routes in the world, through which 20% of global oil passes — and connects to the Arabian Sea, which gives access to the Indian Ocean. The US Navy’s action was taken after Iran restricted traffic in the Strait of Hormuz. In practice, the passage was never completely interrupted: ships linked to Tehran continued to cross the region, while other vessels faced limitations. See the trending videos on g1: Trending videos on g1 The North American president’s strategy of blocking the passage of ships linked to Tehran follows the logic of economic pressure adopted in other contexts, such as in the case of Venezuela this year. According to the Axios portal, the key to the US pressure campaign is to force Iran to reach its maximum storage capacity, which would lead to the closure of oil wells. “They are probably several weeks — or maybe even a month — away from running out of storage capacity,” Eurasia Group analyst Gregory Brew told Axios. By preventing or hindering the circulation of oil tankers, the US affects one of Iran’s main sources of revenue, as oil accounts for around 10% to 15% of the country’s Gross Domestic Product (GDP). The escalation of tensions and uncertainties surrounding the Strait of Hormuz have boosted the price of oil, which has already risen by more than 50% since the start of the war between the USA and Iran. On Friday afternoon (1st), a barrel of the Brent type, a global reference, was quoted at US$ 109.12. Blockade of the Strait of Hormuz Editoria de Arte/g1 Trump says he is ‘dissatisfied’ Donald Trump said this Friday that he is not satisfied with the Iranian regime’s most recent peace agreement proposal. “They want to make a deal, but I’m not happy with it, so we’ll see what happens,” he said. “We’ve had a conversation with Iran. We’ll see what happens, but I would say I’m not satisfied. They need to present the right deal. Right now, I’m not satisfied with what they’re offering,” he added. Trump also told reporters that he is not concerned about the situation of US missile stocks, amid reports of concern about the pace of use of weapons during the conflict with Iran. On Thursday night (30), Iran delivered its most recent negotiation proposal to mediators in Pakistan, according to the Iranian state agency IRNA. The fragile three-week ceasefire between the US and Iran appears to still be holding, although both countries have traded accusations of violations. Maneuver in Congress Also this Friday, Trump informed Congress that hostilities with Iran “have been terminated”, despite American troops maintaining a naval blockade against the country, which is considered an act of war under international law. In practice, the measure attempts to circumvent the legal deadline that ended on Thursday for Congress to authorize the continuation of the war. In the USA, the president can initiate military actions alone, but needs Congressional approval within 60 days to maintain the conflict. As Congress did not vote on the issue, the government began to state that the rule did not apply because the conflict would have ended with a ceasefire that began in early April. “Hostilities that began on February 28, 2026 have been terminated,” Trump wrote to House Speaker Mike Johnson and Senate President Pro Tempore Chuck Grassley. Still in the letter, the president himself indicated that the crisis is far from over. He justified the presence of military personnel in the Middle East by stating that Iran still represents a “significant threat” to the US and the Armed Forces. * With information from the Associated Press

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