Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    I’ll Lead Tinubu’s 2027 Campaign In FCT, Rivers – Wike 

    September 26, 2026

    Oil Prices Moderated Week-on-Week on Easing Supply Risk

    September 26, 2026

    XRP Price Increases to $1.54 after Bitget Exchange Hack

    September 26, 2026
    Facebook X (Twitter) Instagram
    Trending
    • I’ll Lead Tinubu’s 2027 Campaign In FCT, Rivers – Wike 
    • Oil Prices Moderated Week-on-Week on Easing Supply Risk
    • XRP Price Increases to $1.54 after Bitget Exchange Hack
    • Crypto Exchange Bitget Loses $351.6m in Hot Wallet Hack, Suspends Withdrawals 
    • NVIDIA Tokenised bStocks Dips as US Yields Pressure Risk Assets
    • Next Pandemic a Matter of When, not If  – WHO DG
    • SK Hynix Tokenised bStocks Up, Decoupled from Market Sentiment
    • Iranian President Blames US For Strait Of Hormuz Closure
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Saturday, September 26
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » IRGC Says US Blockade on Iran Could Backfire Economically

    IRGC Says US Blockade on Iran Could Backfire Economically

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiSeptember 6, 2026 News No Comments3 Mins Read
    IRGC Says US Blockade on Iran Could Backfire Economically
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    IRGC Says US Blockade on Iran Could Backfire Economically

    Iran’s Islamic Revolutionary Guard Corps (IRGC) warned on Sunday that the US economic and maritime blockade against Tehran could ultimately inflict greater costs on Washington than on Iran itself.

    “If the US wants to inflict one dollar of economic damage on Iran, it may face several dollars in costs and losses itself,” IRGC spokesman Brig. Gen. Hossein Mohibi told Iranian media.

    Mohibi insisted Iran would not bow to sanctions or outside pressure, arguing that US President Donald Trump had gambled on American military might – its naval fleet and aircraft carriers – to force Tehran into retreat, a calculation he said recent events have exposed as flawed.

    He contended that the US, already burdened by heavy debt and locked in economic competition with China and other nations, would struggle to come out ahead in what he characterized as an economic war against Iran. He also claimed regional developments have strained US strategic reserves and disrupted access to certain raw materials, pointing specifically to interruptions in regional aluminum production and exports.

    The comments come as Washington ramps up economic pressure alongside its military campaign. US Central Command said it destroyed three IRGC-linked oil tankers after Iranian attacks on US vessels, with CENTCOM commander Admiral Brad Cooper warning: “If you shoot at two of our ships, we will impose an even higher economic cost — taking out three of yours.” The tankers are part of what CENTCOM described as a multibillion-dollar shadow network that funds the IRGC and its regional proxies.

    Treasury Secretary Scott Bessent said the US is pursuing a policy of zero tolerance and will “economically asphyxiate” the regime, tracking IRGC offshore assets held by trust companies and luxury real estate. Treasury is expected to unveil weekly secondary sanctions focused on banks, oil, shipping, aviation and technology sectors.

    The conflict traces back to February, when the US and Israel launched strikes on Iran, triggering retaliatory attacks and disrupting maritime traffic through the Strait of Hormuz, the world’s most critical oil chokepoint. Iran says the war has caused $270 billion in damage. Iranian trade officials warn the ongoing blockade of Hormuz could cost Tehran around $18 billion annually in lost oil revenues, draining foreign currency and forcing money printing that risks higher inflation.

    While Washington insists the blockade is working to economically strangle Iran while keeping military options alive, the IRGC argues the strategy will backfire, saddle the enforcing country with steep costs, and fail to guarantee victory. #IRGC Says US Blockade on Iran Could Backfire Economically# IRGC Claims Strikes on U.S. Targets in Jordan, Bahrain, Kuwait in Retaliation

    IRGC Tehran US
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Keep Reading

    I’ll Lead Tinubu’s 2027 Campaign In FCT, Rivers – Wike 

    Oil Prices Moderated Week-on-Week on Easing Supply Risk

    XRP Price Increases to $1.54 after Bitget Exchange Hack

    Crypto Exchange Bitget Loses $351.6m in Hot Wallet Hack, Suspends Withdrawals 

    NVIDIA Tokenised bStocks Dips as US Yields Pressure Risk Assets

    Next Pandemic a Matter of When, not If  – WHO DG

    Add A Comment

    Comments are closed.

    Editors Picks

    I’ll Lead Tinubu’s 2027 Campaign In FCT, Rivers – Wike 

    September 26, 2026

    Oil Prices Moderated Week-on-Week on Easing Supply Risk

    September 26, 2026

    XRP Price Increases to $1.54 after Bitget Exchange Hack

    September 26, 2026

    Crypto Exchange Bitget Loses $351.6m in Hot Wallet Hack, Suspends Withdrawals 

    September 26, 2026

    NVIDIA Tokenised bStocks Dips as US Yields Pressure Risk Assets

    September 26, 2026
    Latest Posts

    I’ll Lead Tinubu’s 2027 Campaign In FCT, Rivers – Wike 

    September 26, 2026

    Oil Prices Moderated Week-on-Week on Easing Supply Risk

    September 26, 2026

    XRP Price Increases to $1.54 after Bitget Exchange Hack

    September 26, 2026

    Crypto Exchange Bitget Loses $351.6m in Hot Wallet Hack, Suspends Withdrawals 

    September 26, 2026

    NVIDIA Tokenised bStocks Dips as US Yields Pressure Risk Assets

    September 26, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.