Friday, 06 July 2018 11:10

Tehran threatens to block Strait of Hormuz

517 straitofhormuz


This week, an Iranian Revolutionary Guards commander threatened that Tehran will block oil shipments through the waterway in response to US calls to ban all Iranian oil exports. The Trump administration is demanding all countries end imports of Iranian oil by 4 November as part of its new policy of hostility towards Tehran after Washington’s unilateral exit from the 2015 nuclear agreement.  With a third of the world’s sea-borne oil passing through it every day, the Strait of Hormuz is a strategic artery linking Middle East crude producers to key markets in Asia Pacific, Europe, North America and beyond.  The US military quickly responded, vowing to keep the Gulf waterways open to oil tankers and "ensure the freedom of navigation ... wherever international law allows."

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