Monday, October 19, 2026
News

CENTCOM claims Iran unable to finance proxy militia amid US naval blockade

SocialTwist Tell-a-Friend    Print this Page   COMMENT

Washington DC | October 17, 2026 2:32:16 PM IST
United States Admiral Brad Cooper on Friday (local time) claimed that Iran was facing a financial crunch and was unable to finance its proxy militia as Washington blocked its trade via sea.

In a statement posted by CENTCOM on X, Adm Brad Cooper said that the US delivered severe blows to Irans finances.

Iran has no exports or imports by sea. The sum total of these actions has imposed a devastating cost on Irans security apparatus and IRGC specifically. 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, Adm Cooper said.

CENTCOM claimed that Iran has lost USD 25 billion as its oil exports were affected. The US also claimed to have frozen USD 350 million in cryptocurrency.

The CENTCOM Commander also said that Iran is experiencing shortfalls in multiple sectors including energy and oil, steel and heavy industry, manufacturing, automotive, aviation, construction, security and military.

Asserting US control over the Strait of Hormuz, Adm Cooper added, In seven days alone, 400 ships have sailed through the Strait. US has also assisted Gulf partners in shipping over 100 million barrels of crude oil during the same period, adding to more than 1.3 billion barrels we have helped allies to ship in the recent months.

While the US claims its control over the Strait, earlier today, Irans Islamic Revolutionary Guard Corps stated that an illegal supertanker carrying more than two million barrels of crude oil was hit by a sea mine while attempting to pass through the unauthorised Strait of Hormuz.

Irans agency, ISNA, reported that the incident resulted in an explosion and a severe fire.

According to UKMTOs weekly review, 135 such incidents have occurred amid the Iran-US conflict in the Strait of Hormuz. Both the US and Iran have asserted their control over the strategic shipping route. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE WORLD NEWS
Poland PM Donald Tusk's upcoming visit t...
Global communist propoganda network fuel...
4 Canadian service members killed in fir...
Russian FM Lavrov to visit Tehran on Oct...
Polish PM Donald Tusk to visit India fro...
EAM Jaishankar meets outgoing Greek envo...
More...
 
INDIA WORLD ASIA
Himachal: Former Union Minister Anand Sh...
BJP begins preparations for 2027 Himacha...
Delhi Police strengthens security at Ram...
Haryana CM Nayab Saini slams Punjab gove...
'May blessings of Mother Mahagauri brigh...
PACS president shot dead, block chief's ...
More...    
 
 Top Stories
New Zealand's USD 20 billion invest... 
"If actors, politicians aren't safe... 
When Indian Truck Art Goes K-Drama:... 
Telangana: Congress leaders mark Ra... 
YSRCP President YS Jagan extends Vi... 
Madhya Pradesh CM meets injured in ... 
UPSC aspirant from Andhra Pradesh d... 
RAK Oasis appoints Lionexa LLP as i...