Business Insider: Iran threatened to cut off a key oil shipping waterway — but the US would blow it out of the water
* Iran threatened to respond to economic sanctions against its oil exports imposed by the US with military action to shut down the Strait of Hormuz, but the US would shut it down quickly.
* The Strait of Hormuz sees around 30% of the world's oil supply pass through, so the US and its allies in the Middle East would have it back open in days.
* Iran must know it can't hold the strait, but a former US ambassador told Business Insider it's likely a bluff to try to send a message about oil prices, which Iran could manipulate and use to help break US-imposed sanctions.
Iran threatened to respond to economic sanctions against its oil exports imposed by the US with military action to shut down the Strait of Hormuz, the sea passage into the Persian Gulf that sees around 30% of the world's oil supply pass — but if they did, the US would shut them down in days.
"As the dominant power in the Persian Gulf and the Strait of Hormuz, (Iran) has been the guarantor of the security of shipping and the global economy in this vital waterway and has the strength to take action against any scheme in this region," Armed Forces Chief of Staff Major General Mohammad Bagheri said, according to Reuters.
Read more ....
WNU Editor: Any Iranian attempt to block the Strait of Hormuz will not only result in a U.S. reaction, but every Gulf State that ships oil through the strait will react, as well as every other nation in the world that is dependent on stable oil supplies.
