WASHINGTON — A U.S. naval blockade targeting Iranian oil shipments has cost Tehran an estimated $4.8 billion in lost revenue, a Pentagon official said, citing a Defense Department assessment.The blockade, imposed on April 13 in and around the Strait of Hormuz, is part of pressure measures ordered by U.S. President Donald Trump amid stalled negotiations with Iran.Acting Pentagon Press Secretary Joel Valdez said the operation is having a significant impact on Iran’s economy.“The United States’ blockade in the Strait of Hormuz is operating with full force and delivering the decisive impact we intended,” Valdez said, adding that pressure would continue.US Central Command (CENTCOM) said U.S. forces have turned away 45 commercial vessels since the operation began.Iran has also imposed its own restrictions on passage through the strait, while U.S. forces have intercepted maritime traffic in the Gulf of Oman.Trump also notified Congress that a ceasefire with Iran extends timelines under the War Powers Act following the conflict that began on Feb. 28.He was briefed by CENTCOM Commander Adm. Brad Cooper and Chairman of the Joint Chiefs of Staff Gen. Dan Caine on potential military options.“There are options,” Trump told reporters. “Do we want to escalate further or pursue a deal?” he said, indicating a preference for a negotiated outcome.
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