Iran Warns of Closing Strategic Hormuz Oil Route


Iran Warns of Closing Strategic Hormuz Oil Route

By ALI AKBAR DAREINI

Associated Press

December 28, 2011

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.

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(Partisan Ranger Note: This would be a sure way to collapse the economies of the west. If the Iranians do such a thing I have a feeling they will be introduced pretty quickly to the US 5th fleet and their coast line around Hormuz will be inhabited by a three or four regiments of US Marines. This is not good.)

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