Friday , 21 June 2024
Breaking News
Home » Business » Iran Threatens to Stop Gulf Oil if Enforced Anymore Sanctions

Iran Threatens to Stop Gulf Oil if Enforced Anymore Sanctions

Now, this threat is surly something the entire world will want to watch out for. Because stopping the Gulf oil supply could really create havoc over the already deadbeat world economy.

This isn’t really an ordinary threat and will surely provoke oil dependent nations to trigger a military action against Iran. So, what is in this for Iran ?

Iran surely will be aware of the consequences if it’s threat is brought into action. Are the Iranians really ready for a war ? Or are they just hoping this will make the western nations(who approved the sanctions) know who the boss really is Or are they just bargaining ?

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.

Many diplomats and analysts believe only sanctions targeting Iran’s lifeblood oil sector might be painful enough to make it change course, but Russia and China – big trade partners of Tehran – have blocked such a move at the United Nations.

Iran’s warning on Tuesday came three weeks after EU foreign ministers decided to tighten sanctions over the U.N. watchdog report and laid out plans for a possible embargo of oil from the world’s No. 5 crude exporter.

“If they (the West) impose sanctions on Iran’s oil exports, then even one drop of oil cannot flow from the Strait of Hormuz,” the official Iranian news agency IRNA quoted Iran’s First Vice President Mohammad Reza Rahimi as saying.

The U.S. State Department said it saw “an element of bluster” in the threat but underscored that the United States would support the free flow of oil.

“It’s another attempt to distract attention away from the real issue, which is their continued non-compliance with their international nuclear obligations,” spokesman Mark Toner said.

Rahimi’s remarks coincided with a 10-day Iranian naval exercise in the Strait and nearby waters, a show of military force that began on Saturday.

“Our enemies will give up on their plots against Iran only if we give them a firm and strong lesson,” Rahimi said.

Related stories:

Hackers infiltrate Nasdaq!
Glenn Beck Leaves Fox
Elizabeth Smart is Engaged!
Nokia to Kill 10,000 Jobs and Shut Down Factories, Research Centers
Microsoft Buys Yammer for $1.2 Billion!
Coca Cola Cuts 750 Jobs in U.S.
Volvo China Sales up by 70% in October
Bing Now Commands 20 Percent Search Market! Google, Yahoo Declines.