The Aporia
Jha, A. (2026, October 17). Iran broke? $25bn oil loss, $350m crypto frozen as militias send money back to IRGC. Times of India. https://timesofindia.indiatimes.com/world/middle-east/iran-broke-25-billion-oil-loss-350-million-crypto-frozen-as-militias-send-money-back-to-irgc-says-us/articleshow/135006374.cms
Jha, Aastha. “Iran broke? $25bn oil loss, $350m crypto frozen as militias send money back to IRGC.” Times of India, 17 Oct. 2026, https://timesofindia.indiatimes.com/world/middle-east/iran-broke-25-billion-oil-loss-350-million-crypto-frozen-as-militias-send-money-back-to-irgc-says-us/articleshow/135006374.cms.
Jha, Aastha. “Iran broke? $25bn oil loss, $350m crypto frozen as militias send money back to IRGC.” Times of India, October 17, 2026. https://timesofindia.indiatimes.com/world/middle-east/iran-broke-25-billion-oil-loss-350-million-crypto-frozen-as-militias-send-money-back-to-irgc-says-us/articleshow/135006374.cms.
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As of October 17, 2026, Iran faces severe financial strain due to a nine-month war and a U.S. naval blockade, resulting in losses of $25 billion from oil revenue and $350 million worth of cryptocurrency being frozen. According to US Central Command (CENTCOM) chief Adm Brad Cooper, Iran-aligned militia groups across the region are redirecting funds back to the Islamic Revolutionary Guard Corps (IRGC) instead of paying their soldiers. This financial pressure has also led to delays in salary payments for public sector workers and IRGC members within Iran. The ongoing sanctions and blockade aim to compel Tehran to make concessions on its nuclear program, but Iran remains unresponsive to U.S. counterproposals.
The financial squeeze comes as the Trump administration maintains a naval blockade and sanctions on Iran, hoping to push Tehran towards a deal that includes concessions on its nuclear programme.