The US maritime blockade has cost Iran nearly $6 billion in oil revenue

On June 6, according to the surging, the latest shipping data showed that Iran's crude oil exports in May had fallen to the lowest level in six years due to the U.S. Navy's continued blockade of Iranian ports. According to trade data analysis firm Kpler, Iran's crude oil and condensate exports in May fell to less than an average of 300,000 barrels per day, the lowest level since late 2019 to early 2020. Before the United States imposed a maritime blockade, this figure was close to an average of 2 million barrels per day. Data shows that Iranian crude oil usually sells for more than US$90 per barrel and occasionally exceeds US$100 per barrel. Based on a conservative price of US$90 per barrel, Iran's average daily export revenue of crude oil in May was approximately US$27 million, and its total revenue in May was approximately US$837 million. This figure is a significant drop from the level in the previous two months. In March, Iran's crude oil exports averaged 1.84 million barrels per day, and the average daily export revenue was estimated to be US$165.6 million, totaling approximately US$5.13 billion in March. In April, Iran's crude oil exports averaged 1.34 million barrels per day, with an average daily income of approximately US$120.6 million, and the monthly income of approximately US$3.62 billion. Al Jazeera pointed out that if Iran expects its monthly crude oil export revenue to reach its March income level, the country has already lost about US$5.8 billion in April and May.