Iran Threatens to Block Strait of Hormuz
January 9th, 2007If you haven’t read The Strait of Hormuz: It’s Not That Bad, It’s Worse, it might be worth checking out now. Additionally, when oil was trading near record highs, I wrote that oil could, “Easily go to $45 before it goes to $200.”
Oil is now trading around $55.
Could the world go from relatively plentiful short term supplies of oil, to a crisis?
Yes, and in a matter of minutes.
Via: DailyTimes:
TEHRAN: A senior officer in the volunteer Basij militia said on Monday Iran could block oil traffic through the strategic Strait of Hormuz if the West threatens its economy over Tehran’s nuclear programme.
“Given Iran’s authority over the Strait of Hormuz, the passageway to more than 40 percent of the world’s energy, we have become so strong that the world’s economic and energy security are in the hands of Iran,†deputy Basij commander General Majid Mir Ahmadi was quoted as saying by the semi-official Fars news agency.
“We can exert pressure on the US and British economies as much as we ourselves are put under pressure,†he said. “US allies, especially those who host US military sites or facilitate American strategies against us, are exposed to our threat,†Mir Ahmadi added. “This is the Islamic republic’s strategy in the Persian Gulf – security for everyone or for nobody.â€
If the US Navy decides to do something, I wonder if Iran’s gonna start chuckin’ some of those sunburn missiles at them??
http://www.rense.com/general59/theSunburniransawesome.htm
The entire Persian gulf is really an Iranian lake, given their present military assets. Anything in it, from volatile supertankers of crude to bloated but indefensible US naval task forces, especially near the Straits, would be easy meat.
[…] I think it would be a good idea to review your contingency plans and increase your state of readiness for an emergency. I’m not saying that this is going to happen, but if any news comes out about military action involving the Strait of Hormuz or Ras Tanura, all bets are off. At that point, you must assume that the situation represents a clear and present danger. Execute your contingency plans without hesitation. […]
[…] Almost a quarter of the world’s oil flows through the Strait of Hormuz, a narrow waterway between Iran and Oman at the mouth of the Persian Gulf. Relations between Iran, which sits on the world’s second-largest proven reserves, and western governments are already frayed because of the country’s nuclear program. Posted in Economy, Energy, War | Trackback | Top Of Page […]
[…] a quarter of the world’s oil flows through the Strait of Hormuz, a narrow waterway between Iran and Oman at the mouth of the Persian […]