Latest Habibollah Sayyari Items
A report on the official Iranian news agency says Iran is planning naval maneuvers in international waters near the strategic Strait of Hormuz, where one-fifth of world oil supply passes.
Oil prices jumped to over $101 a barrel Tuesday amid concerns that rising tensions between Western powers and Iran could lead to crude supply disruptions.
Iran test-fired a surface-to-surface cruise missile Monday in a drill its navy chief said proved Tehran was in complete control of the strategic Strait of Hormuz, the passageway for one-sixth of the world's oil supply.
The U.S. warned Iran Wednesday that it will not tolerate any disruption of naval traffic through the Strait of Hormuz, after Iran's navy chief said the Islamic Republic is capable of closing the vital oil route if the West imposes new sanctions targeting Tehran's oil exports.
The U.S. warned Iran on Wednesday that it will not tolerate any disruption of traffic through the Strait of Hormuz after Iran threatened to choke off the vital Persian Gulf oil transport route if Washington imposes sanctions targeting its crude exports.
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.