Iran unable to fund 'proxy militia'; lost $25b in oil exports to naval blockade: US
The US military claims that a naval blockade has severely crippled Iran's economy, resulting in a $25 billion loss in oil exports and an inability to fund proxy militias. The report highlights the strategic tension in the Strait of Hormuz and the impact of US-led sanctions.
Why it matters
This details the escalation of economic warfare and its direct impact on regional security and proxy conflicts in the Middle East.
The US on Friday claimed Tehran was under severe financial pressure and unable to fund its proxy militia because of the naval blockade imposed by Washington.US central command (Centcom) commander, admiral Brad Cooper, claimed the financial crunch was because the US had blocked Tehran's access to sea routes.“Iran has no exports or imports by sea. The sum total of these actions has imposed a devastating cost on Iran’s security apparatus and IRGC specifically," Cooper said."In recent months, Centcom in close coordination with US agency partners has delivered severe blows to the Islamic regime and the IRGC in three important areas,” he added.Centcom claimed Tehran lost $25 billion since the blockade affected oil exports.Additionally, the US claims to have frozen Iran's $350 million in cryptocurrency, ANI reported.Iran's "proxy militia" includes members of the Axis of Resistance, a network of Iran-aligned governments and armed groups in the Middle East that oppose Israel…
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