Two Iranian lawmakers on Monday ramped up threats that their country would shutter the strategic Strait of Hormuz in retaliation for oil sanctions on Tehran -- a warning that comes one day after the USS Abraham Lincoln passed through the iconic waterway. Lawmaker Mohammad Ismail Kowsari, deputy head of Iran's influential committee on national security, said the strait "would definitely be closed if the sale of Iranian oil is violated in any way." Kowsari claimed that in case of the strait's closure, the U.S. and its allies would not be able to reopen the route, and warned America not to attempt any "military adventurism." Iran has repeatedly warned it would choke off the strait if sanctions affect its oil sales. Another senior lawmaker, Heshmatollah Falahatpisheh, said Iran has the right to shutter Hormuz in retaliation for oil sanctions and that the closure was increasingly probable, according to the semiofficial Mehr news agency. "In case of threat, the closure of the Strait of Hormuz is one of Iran's rights," Falahatpisheh said. "So far, Iran has not used this privilege." Read more: http://www.foxnews.com/world/2012/0...argo-as-part-nuclear-sanctions/#ixzz1kIvCJVCo
Peace has come to the middle east. There would be no war, no blockage of oil sales/etc. The question is rather this: when would they meet, and what would be the parameters of an agreement?
The truth about Hormuz is this, yes 20% of the worlds consumption of crude oil travels through this narrow straight, that is, it is exiting in tankers. But over 95% of Iran's consumption of gasoline and refined products simultaneously travels through this straight, that is, it is entering in tankers. So how can Iran block the straight? They would cut their own gasoline supply. Even they acknowledge that their total storage capacity is less than 60-days worth of gasoline. You can't run a country of 70 million people on donkey power. The population would revolt against the islamofascist theocracy and Iran would revert back into a secular state. The mullahs are finally cornered. But Obama is trying to fight the sanctions. The real question is why would the President of the United States want to protect islamofascism?