US naval blockade of Strait of Hormuz reportedly costs more than $30 million a day
Bloomberg reports that the blockade is stretching the US naval budget, sailors and global readiness.
TLDR
Bloomberg reports that the US is paying more than $30 million daily for its naval blockade of the Strait of Hormuz, stretching its naval budget, sailors and global readiness. The outlet’s Big Take podcast examines the mounting price tag and the opportunity costs of a protracted conflict.
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