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Iran threatened on Tuesday to stop the flow of oil through the Strait of Hormuz if foreign sanctions were imposed on its crude exports over its nuclear ambitions, a move that could trigger military conflict with economies dependent on Gulf oil.
“If they [the West] impose sanctions on Iran’s oil exports, then even one drop of oil cannot flow from the Strait of Hormuz...Our enemies will give up on their plots against Iran only if we give them a firm and strong lesson” the official Iranian news agency IRNA quoted Iran’s First Vice President Mohammad Reza Rahimi as saying.
“To me, if Iran did that it would be a suicidal act by the regime. Even its friends would be its enemies,” said Phil Flynn, analyst at PFG Best Research in Chicago.
Iran threatened on Tuesday to stop the flow of oil through the Strait of Hormuz if foreign sanctions were imposed on its crude exports over its nuclear ambitions, a move that could trigger military conflict with economies dependent on Gulf oil.
“If they [the West] impose sanctions on Iran’s oil exports, then even one drop of oil cannot flow from the Strait of Hormuz...Our enemies will give up on their plots against Iran only if we give them a firm and strong lesson” the official Iranian news agency IRNA quoted Iran’s First Vice President Mohammad Reza Rahimi as saying.
Originally posted by THE_PROFESSIONAL
USA imposes economic sanctions on Iran, Iran imposes economic sanctions on oil. Seems fair to me. You reap what you sow, stop complaining USA, man up!
Originally posted by THE_PROFESSIONAL
USA imposes economic sanctions on Iran, Iran imposes economic sanctions on oil. Seems fair to me. You reap what you sow, stop complaining USA, man up!
BEIJING -- China's dependence on Iranian oil could deter it from backing tougher sanctions on Iran, though Beijing supports containing nuclear proliferation as part of a broader push to raise its international diplomatic stance.
China's trade with the U.S., at $150 billion in the first seven months of this year, dwarfs its $12 billion trade with Iran over the same period. But China is the world's second-biggest oil consumer after the U.S., and the Persian Gulf country is one of Beijing's biggest suppliers. Chinese imports of Iranian crude grew to 13 million metric tons in the first half, about 15% of China's total, and up 22% from a year earlier, according to government data.
Originally posted by THE_PROFESSIONAL
reply to post by arbiture
Economic sanctions are also an act of war. The USA has already declared war on Iran, iran has every right to cut the straits.
Originally posted by THE_PROFESSIONAL
reply to post by SplitInfinity
Iran wont be hammered, the USA cant even cant even make unhackable drone technology to fly over iran, how do yo expect them to launch a full scale assault..?
reply to post by THE_PROFESSIONAL
Economic sanctions are also an act of war. The USA has already declared war on Iran, iran has every right to cut the straits.
Originally posted by Ixtab
The U.S does not import crude from Iran, neither does Europe really so stopping Iranian crude exports is a bit of an empty threat.
People should be buying Brent or Russian Ural crude by the way, prices are going up regardless, easy to make a quick buck.edit on 28-12-2011 by Ixtab because: (no reason given)
Originally posted by THE_PROFESSIONAL
reply to post by arbiture
Economic sanctions are also an act of war. The USA has already declared war on Iran, iran has every right to cut the straits.
Originally posted by mobiusmale
Originally posted by THE_PROFESSIONAL
reply to post by arbiture
Economic sanctions are also an act of war. The USA has already declared war on Iran, iran has every right to cut the straits.
I suppose, from the Iranian perspective, they might feel that the sanctions imposed on them are akin to an act of war. In fact, though, they are punishments short of war meted out by the international community for perceived wrongs they had committed prior to sanctions being imposed.
Be that as it may...while Iran certainly does not have the legal right to close down an international waterway, they certainly can expect to suffer major consequences if they chose to do so...and especially so, if they choose to try to close the Strait of Hormuz.
Originally posted by THE_PROFESSIONAL
USA imposes economic sanctions on Iran, Iran imposes economic sanctions on oil. Seems fair to me. You reap what you sow, stop complaining USA, man up!