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Latest update on the US-Israel-Iran war: The closure of the Strait of Hormuz has raised serious concerns about the financial impact on the Iranian economy. The United States has imposed a naval blockade that is restricting shipping traffic in Iranian ports and directly affecting the country’s oil trade, which is its main source of income.
Experts warn that if the blockade continues, Iran could suffer heavy financial losses any day. The situation has also heightened fears of major economic disruption across the region.
Latest update on US-Israel-Iran war: Iran could lose up to $435 million per day
Analysts estimate Iran could lose nearly $435 million a day due to restrictions on its oil supplies. A large part of this loss is due to stopped exports of crude oil and petrochemical products, which bring the country significant revenue.
Of the estimated total losses, around $276 million is likely to be attributable to lost export revenue alone. These estimates were prepared by Miad Maleki, an analyst at the Foundation for Defense of Democracies, who calculated the numbers based on the fact that Iran exported nearly 1.5 million barrels of oil per day during the war at a price of around $87 per barrel.
Latest update on the US-Israel-Iran war: Major export hub hit by previous attacks
Experts say nearly 90 percent of Iran’s oil exports usually pass through Kharg Island, making it an important hub for the country’s economy. The facility was reportedly damaged in previous US military operations, further complicating Iran’s ability to maintain its exports.
The loss of such an important export terminal has made the blockage even more damaging, as Iran now has fewer options to transport oil via alternative routes.
Latest update on US-Israel-Iran war: Alternative routes may not fully replace Hormuz
Iran could try to reroute supplies through facilities such as the Jask terminal, which lies outside the narrow Hormuz Passage. However, analysts believe that this terminal has limited capacity and cannot fully handle the volume normally transported through Kharg Island.
Short-term relief could come from oil reserves already stored offshore. Iran reportedly had about 154 million barrels of oil floating outside restricted waters as of the end of March. These reserves could temporarily reduce losses, but are not a long-term solution.
Latest update on the war between the USA, Israel and Iran: US warships are enforcing the blockade
The United States has deployed a strong naval force to enforce restrictions in the region. At least 15 warships are currently deployed near the Strait of Hormuz to monitor and control shipping traffic.
The ships deployed include the USS Tripoli (LHA-7), which carries advanced aircraft such as F-35B Lightning II jets and MV-22 Osprey aircraft. These forces are deployed in the Arabian Sea to support the blockade.
The United States Central Command confirmed that the blockade officially began at 2:00 p.m. GMT, marking a significant escalation in maritime restrictions.
Latest update on the US-Israel-Iran war: Global oil markets are closely monitoring the situation
The Strait of Hormuz remains one of the world’s most important oil transit routes, transporting a significant portion of the world’s oil supplies. Any prolonged disruption could affect not only Iran but also global oil markets.
Analysts believe that if the blockade continues for a longer period of time, the Iranian economy could suffer long-term damage. At the same time, global energy prices could remain unstable as markets react to reduced supply and ongoing geopolitical tensions.
