Tuesday, December 27, 2011

Iran Threatens To Block Oil Shipments If New Sanctions Are Imposed



Iran Threatens To Block Oil If West Sets New Sanctions -- New York Times

Iran issued a blunt warning on Tuesday that it would block the Strait of Hormuz, the world’s most important oil transit point, if Western powers attempt to impose an embargo on Iranian petroleum exports in their campaign to isolate the country over its suspect nuclear energy program.

The warning, issued by Vice President Mohammad Reza Rahimi, came as Iran’s naval forces were in the midst of a 10-day war games exercise in a vast area of the Arabian Sea and Gulf of Oman. The Strait of Hormuz, a narrow passage that connects the Gulf of Oman to the Persian Gulf, is the route for one third of the world’s oil-tanker traffic.

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More News On Iran Threatening To Block Oil Shipments Through The Straits Of Hormuz

Iran to Block Oil Through Hormuz If Sanctioned, IRNA Reports -- Bloomberg
Iran threatens to stop Gulf oil if sanctions widened -- Reuters
Iran threatens to shut down oil flow in the event of sanctions -- RT
No oil via strait if sanctions applied: Iran -- Emirates 24/7
Oil rises as Iran threatens Strait of Hormuz -- Reuters
Saudi would replace Iran crude if EU embargoes-sources -- Reuters
Factbox: Strait of Hormuz -- Reuters

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