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Iran backed down Saturday from its earlier threats to block the strategic oil route through the Strait of Hormuz, apparently confirming U.S. assertions that such threats packed more "bluster" than bite.
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. Read more: www.foxnews.com...
Originally posted by Chance321
reply to post by Shark_Feeder
So, the US navy calling irans bluff makes us the bad guys here?