The US Naval blockade of the Strait of Hormuz would cost Iran approximately $276 million a day in lost exports and disrupt $149 million a day in imports. A combined economic damage of $435 million a day, or $13 billion a month. Wow. Over 90% of Iran's 109.7 billion in annual trade transits the Persian Gulf. Oil and gas account for 80% of government export earnings and 23.7% of GDP. Kharg island alone generates 53 billion a year, or as I noted at a time 78 billion a year in energy revenue. (10:34–10:42)
CLAIM
Asserts that over 90% of Iran's annual trade transits the Persian Gulf.
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