TEHRAN, Iran — Iran's navy chief warned Wednesday that his country can easily close the strategic Strait of Hormuz at the mouth of the Persian Gulf, the passageway through which a sixth of the world's oil flows. It was the
The United States warned Iran on Wednesday against any attempt to disrupt shipping in the Strait of Hormuz, after Tehran issued threats over the vital oil route. “Interference with the transit… of vessels through the Strait of
Economic forecasts as well as year-end “what to look for” lists cannot possibly take into account unexpected scenarios that could lead to.
December 28, 2011 US Will Not 'Tolerate' Disruption of Vital Oil Strait Traffic Carolyn Presutti For the second time in two days, Iran has threatened to close the Strait of Hormuz. Iranian officials warned they would shut down the world's strategic oil
Washington: Iran's navy chief boasts that closing the Strait of Hormuz to oil traffic would be “easier than drinking a glass of water.” Hardly, US analysts say. Iran's navy does not have the size for a sustained physical blockade of the Strait,