President Trump has committed to keeping the US naval blockade of Iranian ports in place until Iran agrees to a comprehensive peace deal.
The blockade, which US Central Command formally enacted on April 13, 2026, targets vessels navigating to and from Iranian ports. It came after peace negotiations in Islamabad collapsed.
The economic toll so far
Trump has claimed the blockade costs Iran roughly $500 million per day. The Department of Defense’s own estimate puts cumulative oil revenue losses at $4.8 billion by early May 2026.
More than 100 commercial vessels had been redirected as of late May 2026.
