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US Blockade Halves Iran Oil, IRGC Loses $450 M Daily

5/2/2026

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Story summary
  • The United States continues a naval blockade of Iranian ports, halting most oil exports and limiting trade to about 40% by rail.
  • U.S. President Donald Trump said Iran’s military is depleted and its leadership fragmented, leaving him unsatisfied with the peace proposal.
  • Iran’s internet shutdown costs $2.8-$4.3 million daily, while the Islamic Revolutionary Guard Corps loses about $450 million each day under the blockade.