MMC
12-28-2011, 08:54 AM
TEHRAN (Reuters) - Iran threatened on Tuesday to stop the flow of oil through the Strait of Hormuz if foreign sanctions were imposed on its crude exports over its nuclear ambitions, a move that could trigger military conflict with economies dependent on Gulf oil.
Iran's warning on Tuesday came three weeks after EU foreign ministers decided to tighten sanctions over the U.N. watchdog report and laid out plans for a possible embargo of oil from the world's No. 5 crude exporter.
"If they (the West) impose sanctions on Iran's oil exports, then even one drop of oil cannot flow from the Strait of Hormuz," the official Iranian news agency IRNA quoted Iran's First Vice President Mohammad Reza Rahimi as saying.
The U.S. State Department said it saw "an element of bluster" in the threat but underscored that the United States would support the free flow of oil.
"It's another attempt to distract attention away from the real issue, which is their continued non-compliance with their international nuclear obligations," spokesman Mark Toner said.
A prominent analyst said that if Iran did manage to shut down the Strait of Hormuz, the ensuing spike in oil prices could wreck the global economy, so the United States was likely to intervene to foil such a blockade in the first place.
"First, the U.S. will probably not allow Iran to close the Strait. That's a major economic thoroughfare and not just for oil. You shut that Strait and we are talking a major hit on many Middle East economies," said Carl Larry, president of Oil Outlooks in New York.
French President Nicolas Sarkozy proposed hitting Iran with an oil embargo and won support from Britain, but resistance to the idea persists within and outside the European Union.
An import ban might raise global oil prices during hard economic times and debt-strapped Greece has been relying on attractively financed Iranian oil.....snip~
http://news.yahoo.com/iran-warns-could-stop-oil-flow-sanctions-irna-144548616.html <<<<<More Here, Including Stats on Oil thru the Gulf and who it all affects.
Coming right on the heels of the Naval Excercises they just had.....sooner or later Iran will make a move. Desperate times calls for desperate people and measures. if they feel they have nothing to lose anymore then they will not care who goes down with them. Or how much it affects others. Our people need to start thinking two dimensional.
Does anyone see the people of Iran jumping up and going for a regime change? Going after their religious caste? What do they do when they see all their Allies get taken oven with the New Democracy. Other than China and Russia. Whom have shot down Czarkosy's Plan for the Oil Embargo. They timed it well too. Right after our largest fleet left the region and came home.
Iran's warning on Tuesday came three weeks after EU foreign ministers decided to tighten sanctions over the U.N. watchdog report and laid out plans for a possible embargo of oil from the world's No. 5 crude exporter.
"If they (the West) impose sanctions on Iran's oil exports, then even one drop of oil cannot flow from the Strait of Hormuz," the official Iranian news agency IRNA quoted Iran's First Vice President Mohammad Reza Rahimi as saying.
The U.S. State Department said it saw "an element of bluster" in the threat but underscored that the United States would support the free flow of oil.
"It's another attempt to distract attention away from the real issue, which is their continued non-compliance with their international nuclear obligations," spokesman Mark Toner said.
A prominent analyst said that if Iran did manage to shut down the Strait of Hormuz, the ensuing spike in oil prices could wreck the global economy, so the United States was likely to intervene to foil such a blockade in the first place.
"First, the U.S. will probably not allow Iran to close the Strait. That's a major economic thoroughfare and not just for oil. You shut that Strait and we are talking a major hit on many Middle East economies," said Carl Larry, president of Oil Outlooks in New York.
French President Nicolas Sarkozy proposed hitting Iran with an oil embargo and won support from Britain, but resistance to the idea persists within and outside the European Union.
An import ban might raise global oil prices during hard economic times and debt-strapped Greece has been relying on attractively financed Iranian oil.....snip~
http://news.yahoo.com/iran-warns-could-stop-oil-flow-sanctions-irna-144548616.html <<<<<More Here, Including Stats on Oil thru the Gulf and who it all affects.
Coming right on the heels of the Naval Excercises they just had.....sooner or later Iran will make a move. Desperate times calls for desperate people and measures. if they feel they have nothing to lose anymore then they will not care who goes down with them. Or how much it affects others. Our people need to start thinking two dimensional.
Does anyone see the people of Iran jumping up and going for a regime change? Going after their religious caste? What do they do when they see all their Allies get taken oven with the New Democracy. Other than China and Russia. Whom have shot down Czarkosy's Plan for the Oil Embargo. They timed it well too. Right after our largest fleet left the region and came home.