Iran Raises Stakes in U.S. Showdown With Threat to Close Hormuz
22. april 2019, 13:57 CEST Updated on 22. april 2019, 14:19 CEST
“If we are prevented from using it, we will close it,” the state-run Fars news agency reported, citing Alireza Tangsiri, head of the Revolutionary Guard Corps navy force. “In the event of any threats, we will not have the slightest hesitation to protect and defend Iran’s waterway.”
Oil Jumps as U.S. Is Said to End Iran Waivers After May 2 Expiry
Iranian officials have threatened to close the waterway in the past amid rising tension with the U.S. and Tangsiri’s remarks could be an attempt to deter the U.S. from its plan to slash the nation’s oil exports. The price of Brent crude, already at a six-month high, was little changed after the statement.
Read: Strait of Hormuz, the World’s Most Important Chokepoint for Oil
The Strait of Hormuz is a narrow waterway carrying a fifth of the world’s traded oil that Iranian officials have threatened to block in retaliation for sanctions targeting the country’s nuclear program. The U.S. has said it would move to stop any Iranian attempt to block the waterway.
https://www.bloomberg.com/news/arti...lose-strait-of-hormuz-if-it-can-t-use-it-fars
22. april 2019, 13:57 CEST Updated on 22. april 2019, 14:19 CEST
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Iran will close the waterway if prevented from using it: Fars -
U.S. is set to announce expiry of waivers on
“If we are prevented from using it, we will close it,” the state-run Fars news agency reported, citing Alireza Tangsiri, head of the Revolutionary Guard Corps navy force. “In the event of any threats, we will not have the slightest hesitation to protect and defend Iran’s waterway.”
Oil Jumps as U.S. Is Said to End Iran Waivers After May 2 Expiry
Iranian officials have threatened to close the waterway in the past amid rising tension with the U.S. and Tangsiri’s remarks could be an attempt to deter the U.S. from its plan to slash the nation’s oil exports. The price of Brent crude, already at a six-month high, was little changed after the statement.
Read: Strait of Hormuz, the World’s Most Important Chokepoint for Oil
The Strait of Hormuz is a narrow waterway carrying a fifth of the world’s traded oil that Iranian officials have threatened to block in retaliation for sanctions targeting the country’s nuclear program. The U.S. has said it would move to stop any Iranian attempt to block the waterway.
https://www.bloomberg.com/news/arti...lose-strait-of-hormuz-if-it-can-t-use-it-fars