Iran threatens Hormuz

An old doomsday scenario has been revived again by Iranian officials.

Iran Threatens To Close Crucial Oil Chokepoint

Iranian president Rouhani stated on Tuesday in Bern, Switzerland that his country could block the Strait of Hormuz for all Arab shipping traffic if Washington fully implements its zero oil export targets for Iran in the coming months.

Rouhani, who is currently on a lobbying mission in Europe in an effort to salvage the JCPOA deal (the Iran nuclear deal) and mitigate U.S. sanctions, seems to be have been pushed by hardliners to increase threats against Iran’s neighbors.

To continue reading, please click here.

Source: oilprice.com