Iran on Tuesday threatened to close the Strait of Hormuz, a chokepoint for a third of the world’s seaborne oil trade, if the west imposes oil sanctions on Tehran, causing a rise in oil prices.
The warning by Mohammad Reza Rahimi, Iran’s first vice-president, came days after Iran staged naval war exercises in the strait.
The warning by Mohammad Reza Rahimi, Iran’s first vice-president, came days after Iran staged naval war exercises in the strait.
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