Monday, July 9, 2012

Iran threatens action in the Persian Gulf, again

Once again Iran is threatening to close off the Strait of Hormuz in the Persian Gulf.
FARS: - "If we eventually feel that our economy, specially in the Persian Gulf, is faced with insecurity and we cannot use this economic zone for oil exports, we have the power and capacity to create insecurity for other countries' exports and will not allow any oil cargo to be exported," member of the parliament's National Security and Foreign Policy Commission Seyed Hossein Naqavi Hosseini said on Monday.
This is not a surprise and the rhetoric from Iran is expected to heat up as sanctions pressure the nation's economy.
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