Naval thrills: Iran flexes muscles at world’s key oil transit channel
Iran is starting ten-day naval exercises in one of the world’s busiest oil passageways – the Strait of Hormuz. These actions have raised fears that the Strait might shut down, disrupting oil transit worldwide.
The exercises, dubbed “Velayat-e 90”, will take place over a wide area from the Strait of Hormuz to the Gulf of Aden and will involve new ground-to-sea missile systems and different classes of submarines, such as the Tareq and the Ghander..... MORE
Source: RT.com
URL: http://rt.com/news/terrorism-credit-cards-government-613/
1 comment
giyera na naman nga yata c/o the evl bald eagle nation. at pag nagtaasan ang langis at pamasahe, ang tinatarget na bansa, ang iran, na naman ang may kasalanan at hindi ang mala.diyos de imperyalistang kalbong agila!
"About eight Middle Eastern oil-exporting countries use the Strait of Hormuz. It handled some 33% of all seaborne traded oil in 2009, and 17% of all oil traded worldwide. An average, 15.5 million barrels of oil passed through the strait in 2009, according to the US Energy Information Administration.
"The shutdown of the Strait of Hormuz could therefore bring about a global disruption of oil transit, causing a hike in oil prices that could potentially exacerbate the economic woes of oil consumers worldwide."
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