Iran threatened to close the Strait of Hormuz
, one of the world 's most critical oil route, if Western countries impose sanctions on its oil exports.
have insisted that if enemies block the export of our oil, we won't allow a drop of oil to pass through the Strait of Hormuz
He said the Royal Navy was on stand-by amid growing fears Tehran will close the Strait of Hormuz
in response to Western sanctions over its nuclear weapons programme.
Referring to Libyan leader Moammar Gaddafi who was killed by Libyan rebels, Takieddine said: "The end of Saddam Hussein and Gaddafi, who were characterized by megalomania, should serve as an example for this Iranian regime which is threatening to close the Strait of Hormuz
through which one third of the world's oil exports passes, including the [oil] exports of Iran, the second exporting state in OPEC.
Industry sources said Thursday Turkish refiner Tupras also planned to cut its dependence on imports of Iranian oil, partly in response to the Hormuz
IRAN will close the Strait of Hormuz
, cutting off oil exports, if the West imposes sanctions on its oil shipments, a senior Iranian official has said.
Iran is prepared to shut the Strait of Hormuz
, the crucial shipping lane off its southern coast, if it is threatened, said the General Commander of the Revolutionary Guard, Mohammad Ali Jaafari, according to a report in the pan-Arab daily ASHARQ AL AWSAT on Tuesday.
Details : Abu Dhabi, the UAE's largest oil producingemirate will have a direct access to the Indian Ocean for its oil exports and the option of bypassing the critical Strait of Hormuz
when it becomes a game changer in crude oil transportation for the commissioning of the Dh 12.
Refinery: Essar Group of India, a private firm, has proposed having a complex 300,000 b/d export refinery near the Strait of Hormuz
Summary: Japan started investigations into the cause of damage of a Japanese supertanker near the Strait of Hormuz
submarine and an amphibious vessel collided in the Strait of Hormuz
on Friday slightly injuring 15 sailors and creating a fuel spill, the U.
An Iranian navy commander said in October last year that Iran had started building a series of bases along its southern coast on the Sea of Oman and up to the Strait of Hormuz
, at the entrance to the Gulf, to improve its defensive capabilities.