Iranian MP Hossein Ebrahimi says not only will Iran close the strait of Hormuz to stop the flow of the world’s oil but that the entire Persian Gulf would become a graveyard if the West tries to stop Iran’s oil exports with its sanctions. The European Union recently agreed to ban oil imports from Iran to try to ge them to halt their nuclear weapon program.
Post Tagged with: "Strait of Hormuz"
EU joins Iranian oil ban
The EU currently buys about 20% of Iran’s oil exports.- BBC News
Perry: ‘Travesty’ That U.S. Energy Security Is ‘Tied to a Nation That Hates Us’
“Through a series of executive orders and actions, I want to open up energy exploration on federal lands and federal waters,” Perry said Tuesday – CNSNews.com
Iran oil threats to hurt economy – $5 gas?
While Obama delays the American oil pipeline and drilling for domestic oil the threats from Iran are expected to drive up the price of gasoline and oil. Thank an environmentalist wacko and Obama for $5 gas.
Oil Trades Near Six-Week High on Iran Threat to Strait of Hormuz Shipping
About 15.5 million barrels of oil a day, or a sixth of global consumption, passes through the Strait of Hormuz between Iran and Oman at the mouth of the Persian Gulf, according to the U.S. Energy Department. Iran’s navy started a 10-day exercise east of the passage that involved the use of submarines, ground- to-sea missile systems and torpedoes, Press TV said Dec. 24. – Bloomberg
Japan tanker was damaged in a terror attack, UAE says
A Japanese tanker damaged last week in the Strait of Hormuz near Oman was the target of a terrorist attack, the United Arab Emirates state-run news agency has said.