Iran's oil revenue drops sharply under US naval blockade

The US naval blockade on Iranian ports has severely reduced Tehran's oil revenue, potentially pushing Iran to intensify efforts to challenge Washington's restrictions and break the blockade. Former US Treasury official Miad Maleki said the loss of oil revenue poses a greater challenge than the freezing of $350 million in Iranian cryptocurrency. US Central Command says the blockade has prevented at least $25 billion in crude exports over 100 days, with floating reserves depleted by mid-October. Iran still receives some goods paid for earlier or via land routes, but Maleki warned financial pressure will intensify when Tehran must pay for new purchases without oil income. Meanwhile, Yemeni government forces consolidate control as Houthis attack Saudi infrastructure.