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The Pescadero Perspective
news Al Jazeera 2026-06-05

US Naval Blockade Severely Cuts Iran's Oil Revenues

Iran's oil exports have drastically decreased, falling to less than one-sixth of pre-war levels due to the US naval blockade. This has resulted in an estimated loss of nearly $6 billion in oil revenues.


Iran is exporting less than one-sixth of the oil it was shipping before the war began.

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