paulitician
Platinum Member
- Oct 7, 2011
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So how bad do you want & need that oil America? Are you willing to go to War with Iran and die for it?
Iran warns of closing strategic Hormuz oil route.
TEHRAN, Iran (AP) 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 second such warning in two days. On Tuesday, Vice President Mohamed Reza Rahimi threatened to close the strait, cutting off oil exports, if the West imposes sanctions on Iran's oil shipments.
In response, the Bahrain-based U.S. 5th Fleet's spokeswoman warned that any disruption "will not be tolerated." The spokeswoman, Lt. Rebecca Rebarich, said the U.S. Navy is "always ready to counter malevolent actions to ensure freedom of navigation."
With concern growing over a possible drop-off in Iranian oil supplies, a senior Saudi oil official said Gulf Arab nations are ready to offset any loss of Iranian crude.
That reassurance led to a drop in world oil prices. In New York, benchmark crude fell 77 cents to $100.57 a barrel in morning trading. Brent crude fell 82 cents to $108.45 a barrel in London.
"Closing the Strait of Hormuz is very easy for Iranian naval forces," Adm. Habibollah Sayyari told state-run Press TV. "Iran has comprehensive control over the strategic waterway," the navy chief said.
The threats underline Iranian concern that the West is about to impose new sanctions that could target Tehran's vital oil industry and exports.
Read More:
Iran warns of closing strategic Hormuz oil route - Yahoo! News
DRUDGE REPORT 2012®
Iran warns of closing strategic Hormuz oil route.
TEHRAN, Iran (AP) 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 second such warning in two days. On Tuesday, Vice President Mohamed Reza Rahimi threatened to close the strait, cutting off oil exports, if the West imposes sanctions on Iran's oil shipments.
In response, the Bahrain-based U.S. 5th Fleet's spokeswoman warned that any disruption "will not be tolerated." The spokeswoman, Lt. Rebecca Rebarich, said the U.S. Navy is "always ready to counter malevolent actions to ensure freedom of navigation."
With concern growing over a possible drop-off in Iranian oil supplies, a senior Saudi oil official said Gulf Arab nations are ready to offset any loss of Iranian crude.
That reassurance led to a drop in world oil prices. In New York, benchmark crude fell 77 cents to $100.57 a barrel in morning trading. Brent crude fell 82 cents to $108.45 a barrel in London.
"Closing the Strait of Hormuz is very easy for Iranian naval forces," Adm. Habibollah Sayyari told state-run Press TV. "Iran has comprehensive control over the strategic waterway," the navy chief said.
The threats underline Iranian concern that the West is about to impose new sanctions that could target Tehran's vital oil industry and exports.
Read More:
Iran warns of closing strategic Hormuz oil route - Yahoo! News
DRUDGE REPORT 2012®