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Iran warns of closing strategic Hormuz oil route
Question of the Day
TEHRAN (AP) — Iran’s naval chief warned Wednesday that his country easily can close the strategic Strait of Hormuz at the mouth of the Persian Gulf, the passageway through which a sixth of the world’s oil flows.
It was the second such warning in two days. On Tuesday, Vice President Mohamed Reza Rahimi threatened to close the strait, cutting off oil exports, if the West imposes sanctions on Iran’s oil shipments.
In response, the Bahrain-based U.S. 5th Fleet’s spokeswoman warned that any disruption “will not be tolerated.” Lt. Rebecca Rebarich, the spokeswoman, said the U.S. Navy is “always ready to counter malevolent actions to ensure freedom of navigation.”
With concern growing over a possible drop-off in Iranian oil supplies, a senior Saudi oil official said Gulf Arab nations were ready to offset any loss of Iranian crude.
That reassurance led to a drop in world oil prices. In New York, benchmark crude fell 77 cents to $100.57 a barrel in morning trading. Brent crude fell 82 cents to $108.45 a barrel in London.
“Closing the Strait of Hormuz is very easy for Iranian naval forces,” Adm. Habibollah Sayyari, the Iranian naval chief, told state-run Press TV. “Iran has comprehensive control over the strategic waterway,” he said.
The threats underline Iranian concern that the West is about to impose new sanctions that could target Tehran’s vital oil industry and exports.
Western nations are growing increasingly impatient with Iran over its nuclear program. The U.S. and its allies have accused Iran of using its civilian nuclear program as a cover to develop nuclear weapons. Iran has denied the charges, saying its program is geared toward generating electricity and producing medical radioisotopes to treat cancer patients.
The U.S. Congress has passed a bill banning dealings with the Iran Central Bank, and President Obama has said he will sign it despite his misgivings. Critics warn it could impose hardships on U.S. allies and drive up oil prices.
The bill could impose penalties on foreign firms that do business with Iran’s central bank. European and Asian nations import Iranian oil and use its central bank for the transactions.
Iran is the world’s fourth-largest oil producer, with an output of about 4 million barrels of oil a day. It relies on oil exports for about 80 percent of its public revenues.
The Iranian navy is in the midst of a 10-day drill in international waters near the strategic oil route. The exercises began Saturday and involve submarines, missile drills, torpedoes and drones. The war games cover a 1,250-mile stretch of sea off the Strait of Hormuz, northern parts of the Indian Ocean, and the Gulf of Aden near the entrance to the Red Sea. The exercises are designed as a show of strength and could bring Iranian ships into proximity with U.S. Navy vessels in the area.
Iranian media are describing how Iran could move to close the strait, saying the country would use a combination of warships, submarines, speed boats, anti-ship cruise missiles, torpedoes, surface-to-sea missiles and drones to stop ships from sailing through the narrow waterway.
Iran’s navy claims it has sonar-evading submarines designed for the shallow waters of the Persian Gulf, enabling it to hit passing enemy vessels.
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