Iran says it is able to close key oil route ‘easily’ - Printable Version +- Pakistan Real Estate Times - Pakistan Property News (https://www.pakrealestatetimes.com) +-- Forum: Pakistan Real Estate / Property News (/forumdisplay.php?fid=1) +--- Forum: Latest Pakistan Property & Economic News (/forumdisplay.php?fid=4) +--- Thread: Iran says it is able to close key oil route ‘easily’ (/showthread.php?tid=645)

Iran says it is able to close key oil route ‘easily’ - LRE - 08-05-2008 03:36 PM Iran says it is able to close key oil route ‘easily’ TEHRAN: Iran can easily close a key Gulf shipping route if it were attacked over its nuclear programme, the head of the Revolutionary Guards was quoted as saying on Monday, a move that could choke off world oil exports. The statement by commander-in-chief Mohammad Ali Jafari was likely to fuel tension over Tehran’s disputed atomic ambitions, coming shortly after Iran again said it would press on with nuclear work the West suspects is aimed at making bombs. Military analysts say the United States could unleash vastly superior firepower against Iran, but say the Islamic Republic could hit back against Washington’s forces in Iraq and by disrupting oil supplies vital to the world economy. Iran’s armed forces have “the possibility of closing the Strait of Hormuz, easily and on an unlimited basis,” state radio quoted Jafari as telling a news conference. As well as threatening to shut the Strait of Hormuz, Jafari said the elite Guards force had tested a naval weapon that could destroy any vessel in a range of 300 km (190 miles), media said. Iran’s recent missile tests rattled oil markets. About 40 percent of world oil exports passes through the Straight of Hormuz, a choke point at the southern end of the Gulf, flanked by the coastlines of Iran and Oman. Much of it goes to Asia, the United States and western Europe. The United States and Israel have not ruled out military action if Iran continues to enrich uranium, which can have both military and civilian uses, in defiance of repeated demands by the United Nations Security Council. Iran, the world’s fourth-largest oil producer, says its aims are peaceful and has warned it would retaliate if attacked. reuters http://www.dailytimes.com.pk/default.asp?page=2008%5C08%5C05%5Cstory_5-8-2008_pg5_37 RE: Iran says it is able to close key oil route ‘easily’ - LRE - 08-05-2008 08:40 PM