Tuesday 20 March 2012

Kuwait says Iran has assured it will not shut Hormuz | Reuters

Iran has assured Kuwait it will not try to close the vital Strait of Hormuz shipping route, Kuwait's ruler said in remarks carried by state-run news agency KUNA on Tuesday.

Sheikh Sabah al-Ahmad al-Sabah said Kuwait nevertheless had been working for "a long time" on building up an oil stocks outside the Gulf to ensure steady supplies to customers.

After threats by Iran that it could shut the most important oil transit channel in the world, if Western governments stop it from selling crude, Kuwait's emir and other Gulf leaders have sought assurances that Tehran will not follow through with the threats.

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