Tuesday, December 27, 2011

Iran Threatens to Block Oil in Reply to Sanctions - NYTimes.com

Iran Threatens to Block Oil in Reply to Sanctions - NYTimes.com

A senior Iranian official on Tuesday delivered a sharp threat in response to economic sanctions being readied by the United States, saying his country would retaliate against any crackdown by blocking all oil shipments through the Strait of Hormuz, a vital artery for transporting about one-fifth of the world’s oil supply.

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