Iran’s navy said Monday it test-fired a range of weapons during ongoing maneuvers near the Strait of Hormuz, the passageway for one-fifth of the world’s oil supply. IRNA quoted Adm. Amir Rastgari, spokesman for the exercise, as saying the Iranian
A U.S. Navy guided missile destroyer was left with a gaping hole on one side after it collided with an oil tanker early Sunday just outside the strategic Strait of Hormuz. The collision left a breach about 10 feet by 10 feet in the starboard side of USS
Oil fell from the highest close in more than a week after Premier Wen Jiabao said China’s economic recovery hasn’t gained momentum, stoking speculation that demand may ease in the world’s second-biggest crude consumer.
The United Arab Emirates on Sunday inaugurated a much-anticipated overland oil pipeline that bypasses the Strait of Hormuz, giving the OPEC member insurance against Iranian threats to block the strategic waterway. The 236-mile Abu Dhabi Crude Oil Pipeline snakes across western desert dunes and over the craggy Hajar mountains to the city of Fujairah on […]
Iran renewed threats on Sunday to close the Strait of Hormuz unless sanctions against it were revoked, though it remains unclear how Tehran could shut down the vital oil shipping channel given the significant American military presence there. The Iranian parliament is considering a bill calling for the strait to be closed.
Iranian Chief of Staff Gen. Seyed Hassan Firouzabadi said Saturday that Iran is prepared for a situation in which it would need to close the Strait of Hormuz, but would not do so unless the country’s interests were seriously at risk, Iran’s ISNA news agency reported.
The United States has quietly moved significant military reinforcements into the Persian ( Arabian) Gulf to deter the Iranian military from any possible attempt to shut the Strait of Hormuz and to increase the number of fighter jets capable of striking deep into Iran if the standoff over its nuclear program escalates.
Britain, America and France delivered a pointed signal to Iran, sending six warships led by a 100,000 ton aircraft carrier through the highly sensitive waters of the Strait of Hormuz. This deployment defied explicit Iranian threats to close the waterway. It coincided with an escalation in the West’s confrontation with Iran over the country’s nuclear […]