What a relief. It seems that Iran has backed off their threats to close the Strait of Hormuz. Iran originally threatened to do so in response to U.S. sanctions.
"Discourse about closing the Strait of Hormuz belongs to five years ago. Today's debate in the Islamic Republic of Iran contains new layers and the time has not come to raise it," Gen. Masoud Jazayeri said in comments posted Saturday on the Guard's website, sepahnews.com.
Jazayeri did not elaborate.
The latest developments came on the same day that the country's top nuclear negotiator announced Iran is proposing a new round of talks about its controversial nuclear program with the six world powers. The West recently imposed new sanctions over Tehran's uranium enrichment program, which is a potential pathway to making nuclear arms.
The latest developments came on the same day that the country's top nuclear negotiator announced Iran is proposing a new round of talks about its controversial nuclear program with the six world powers. The West recently imposed new sanctions over Tehran's uranium enrichment program, which is a potential pathway to making nuclear arms.
In the meantime, this is (yet another) argument for domestic drilling. If Iran were to make good on their threat, it would disrupt 20% of the worlds oil shipments. That's a lot of leverage. If we were able to make up the difference with domestically produced oil, it would diminish or eliminate Iran's upper hand.