Progressive Socialist Party leader MP Walid Jumblatt praised on Monday President Michel Suleiman’s recent stances. In his weekly editorial in the al-Anbaa magazine Jumblatt wrote: “We are seeking arms for the defense of Lebanon only. We don’t want a defense strategy that serves the strait of Hormuz or any other area.”
Iran will target any country used as a launchpad for attacks against its soil, the deputy Revolutionary Guards commander said, expanding Tehran ‘s range of threats in an increasingly volatile stand-off with world powers over its nuclear ambitions.
The United Arab Emirates (UAE) will be able to use ports on the Gulf of Oman for oil exports if Iran closes the Strait of Hormuz, transit point for about a fifth of the global oil supply, Dahi Khalfan Tamim, Chief of Dubai Police, said in an interview with Bahrain TV last night.
Tensions in the Gulf could reach a breaking point as a senior Iranian official said Iran would “definitely” close the Strait of Hormuz if an EU oil embargo disrupted the export of crude oil. Mohammad Kossari, deputy head of parliament’s foreign affairs and national security committee, issued the warning
U.S. President Barack Obama has called for direct talks with Iran in a secret letter to the Islamic Republic’s supreme leader that also warned Tehran against closing the strategic Strait of Hormuz, a conservative Iranian lawmaker was quoted as saying Wednesday.
Britain is due to send Royal Navy’s HMS Daring, one of the most advanced ships in its fleet, to the Gulf on her maiden mission as Iran threatens to block the Strait of Hormuz. The strait is one of the busiest oil routes. Last year alone, about 17 million barrels of oil passed through the […]
Should Iran’s rulers ever make good their threats to block the Straits of Hormuz, they could almost certainly achieve their aim within hours, but they could emerge the primary losers.
Two American warships have crossed through the Strait of Hormuz without incident despite Iranian threats to close the strategic oil route, the US Navy said Thursday. The aircraft carrier USS John C. Stennis and the guided-missile cruiser USS Mobile Bay “conducted a pre-planned, routine transit through the Strait of Hormuz” on Tuesday,
Oil declined for the first time in seven days as a surge in the European Central Bank’s balance sheet to a record highlighted the growing risks of the region’s debt crisis. Oil declined for the first time in seven days
Iran’s first vice-president warned on Tuesday that if foreign sanctions are imposed on its oil exports, the flow of crude will be stopped from the crucial Strait of Hormuz in the Gulf, the country’s official news agency reported.