Event Brief
Aug 11, 2026 at 12:09 PM ET
Iranian official: US Hormuz blockade would cost $18B
By The BriefBrief
Majidreza Hariri says a US blockade of the Strait of Hormuz would cost Iran $18 billion.
WHO: Majidreza Hariri
WHAT: Says a US blockade of the Strait of Hormuz would cost Iran $18 billion and urges imposing the cost of lifting it on the US.
WHEN: Reported Aug 11, 2026 at 1:03 PM ET
WHERE: Iran
WHY: He is reacting to the idea of a US blockade of the Strait of Hormuz and arguing that lifting it should be made costly for the US.
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