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    Iran Reminds Us That It Controls a Lot of Oil

    Iran Reminds Us That It Controls a Lot of Oil

    As the U.S. preps further sanctions against the Iran, the rogue nation wants us to know, by the way, that it controls the Strait of Hormuz, through which, just so you know, a huge chunk of the world's oil supply flows. The AP says that one sixth of the world's oil is shipped through the strait, while The New York Times calls it about one fifth, but no matter -- it's a lot of oil, and Iran now wants to point out to the U.S. that it can easily close off the strait anytime it gets the urge. "If they impose sanctions on Iran’s oil exports, then even one drop of oil cannot flow from the Strait of Hormuz,” Mohammad-Reza Rahimi, Iran's vice president, said today, according to The Times.

    RELATED: Update: Both Sides Deny Iran's Stopped Oil Sales to Europe


    In case that wasn't painfully clear, the head of navy reiterated that Iran has a lot of boats in the strait ready to block oil tankers, as the country is in the middle of a "war games" exercise there, according to the AP. Why all this talk about the Strait of Hormuz? The posturing is against the latest round of sanctions the Obama administration is ready to place on Iran--sanctions which have, until this one, "deliberately stopped short of targeting oil exports, which finance as much as half of Iran’s budget." Given that the U.S. wants to hit Iran where it hurts, Iran knows that even threatening to cut off oil supply is a blow to the U.S. "Oil traded close to the highest in six weeks after Iran threatened to block crude supplies through the Strait of Hormuz," Bloomberg reports this morning.

     

    59 comments

    • A N  •  Denver, Colorado  •  4 mths ago
      The writer of this article has no clue about who really controls the strait of hormuz which is an international sea lane, the US Navy will see to it that it will remain open!
    • chris  •  4 mths ago
      Iraq got mouthy too. So go ahead iran. Make my day!!!!!
    • ishtar127a  •  4 mths ago
      Iran has overestimated the influence of its oil reserves against the damage it will do to itself and its few supporters. Again. As it is beginning to see from the results. (Again.)
    • Me  •  4 mths ago
      BRENDA M, grow up little girl.. If you want to leave a comment, go ahead, but stop the nonsense.
      • stephen 4 mths ago
        The stupid muslim B//I//T//C//H cant grow up she is just a smelly cammel C//U//N//T muslim!
      • John 4 mths ago
        You must know stephen. Does it smell like home?
      • ishtar127a 4 mths ago
        I don't know; it's a bit amusing in its own way. Sort of like a really bad attempt at an Iranian version of Tokyo Rose or Hanoi Hannah.
    • Dave  •  4 mths ago
      Iran Reminds Us That It Controls a Lot of Oil.... i'd like to remind iran we have many bombs
      and once , we dropped just two.. so keep acting like a big shot,
    • booey  •  Manchester, Connecticut  •  4 mths ago
      oh by the way we import 0.0 from this backwards country and havent since 1979,its should be china that should worry
    • Eric  •  4 mths ago
      why have we allowed ourselves to be in this position? we have all the oil we need here and should care less what Iran does with their oil
      • Freddy Knuckles 4 mths ago
        We do not have all the oil we need. And even if we did, that's not what it's about. If we control the world's oil, we control the world. That's what it's about.
      • Farxhriey 4 mths ago
        so, US want to control the world?
      • Doomsday 4 mths ago
        No, they talking like school children.
    • The Wiz  •  Indianapolis, Indiana  •  4 mths ago
      Iran Reminds Us That It Controls a Lot of Oil....

      Which is the ONLY reason that no major country has nuked it into oblivion long before now!
    • Don M  •  Mt Hamilton, California  •  4 mths ago
      Why do you need oil ? you can't afford to buy it..
    • ishtar127a  •  4 mths ago
      Again, I stipulate--since the threat of closing the Strait was made by Iran, I've seen gasoline prices drop steadily.
    • Carl  •  4 mths ago
      Wonder if anybody in Washington has thought of a leaflet drop on their refinery sites "Had these been bombs, you'd have just lost a refinery. This was a social call. Don't let our next call be business!" Couple of stealth aircraft outta do the trick in about 1 night.
    • Patrick  •  4 mths ago
      They claim that they can easily close the strait but the fact is, they can't. And it would cost them a lot if they even tried. Their oil would not get out and no imports to Iran would get in. They're just blowing smoke.
    • Mrbruce38  •  Tampa, Florida  •  4 mths ago
      The only reason these idiots keep running their mouth is because it has not been slammed shut. It is about time for an " Attitude Adjustment "

      Don't get me wrong, I would rather not see them lose so many lives but sometimes they force your hand.
    • Farxhriey  •  Kuala Lumpur, Malaysia  •  4 mths ago
      what kind of analysis is this? weak article, unfinished, terrible and horrible piece of journalism
    • Nowwhat  •  Beaverton, Oregon  •  4 mths ago
      legends in their own minds! Is there something in their water, or do they just smoke too much?
    • tiredofthewashingtonbs  •  Waterloo, Illinois  •  4 mths ago
      and just how much revenue are they and other countries going to lose in their threats its all mouth folks but i do wish they would try they need a good #$%$ whipping if not from us maybe by those dependent on their oil
    • Sporky McCrackin  •  4 mths ago
      Darn oil prices are creating problems for me. Do I get a new Ford F-250 or not? They don't get good mileage but I really want one. I guess I will have to take the chance and if gas goes up to $6.00/gal. I will just have to bend over and take it.
    • Willfly123  •  4 mths ago
      Iranians stop talking. If you walk the walk lets see it now and stop talking. If you want a war just start it now it get it over with. Just don't under estimate the USA. Make our day so you will see the military might what we have in store for you.
    • M.  •  4 mths ago
      Let's get this over. Place the sanctions. Let the consequences fall where they may. Iran is going to play chicken over it's nuclear program until someone calls their bluff. This is their choice. If they appear arrogant and unpredictable now, wait until they have a nuke.
    • ChevalierCourageux71  •  Pleasanton, California  •  4 mths ago
      Petroleum is a dirty form of energy that is about to run out. America is heading toward the direction of green renewable energy. Solar and wind power are the new frontiers to solve the world energy crisis.
      • A Yahoo! User 4 mths ago
        You're living in a teenage dream world. The ultimate future answer will be nuclear fusion.
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