US blockade of Strait of Hormuz may cost Iran ₹4,057 crore a day: Report

The United States has now imposed a naval blockade in the Strait of Hormuz, restricting all ships originating from and entering Iranian ports. The US naval blockade could cost Iran up to $435 million (₹4,057 crore) a day, reported The Wall Street Journal. This also reportedly includes $276 million in lost exports, primarily crude oil and petrochemicals.