06/01/2012
PressTV*, Jan. 6 – Commander of Iran’s Islamic Revolution Guards Corps (IRGC) naval forces says the world cannot last 24 hours without Persian Gulf oil, stressing that Tehran is fully capable of closing the Strait of Hormuz.
**Photo: An Iranian navy boat fires a missile during the Velayat 90 drills in the Persian Gulf on December 30, 2011 | PressTV
“Today, out of the 1,300 billion barrels of oil in the world, 800 billion barrels are in the Persian Gulf,” Rear Admiral Ali Fadavi said on Friday, adding that it is impossible to imagine a world without the energy produced in the Persian Gulf region.
The Strait of Hormuz lies between Iran and Oman and is a narrow shipping channel that leads in and out of the Persian Gulf.
Statistic-wise, the strait is one of the world’s most important waterways, with a daily flow of about 15 million barrels of oil, which accounts for 90 percent of Persian Gulf exports and 40 percent of global consumption.
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06/01/2012
By Peter Symonds* – World Socialist Web Site
The European Union’s (EU) in-principle decision on Wednesday [4 Jan.] to impose an embargo on oil imports from Iran has further escalated the danger of military conflict in the Persian Gulf.
**Xavier Häpe | Wikimedia Common
The EU move dovetails with President Obama’s signing on Saturday [Dec. 31, 2011] of US legislation designed to cripple the Iranian banking system and cut the country’s oil exports.
The US and EU threats have already provoked a sharp reaction from Tehran, which has warned that it would respond to an oil embargo by blocking the Strait of Hormuz—a strategic waterway into the Persian Gulf through which about 20 percent of global oil trade passes.
As Economy Minister Shamseddin Hosseini said yesterday [Jan. 5], Iran confronts “an economic war.” Oil and gas exports account for some 80 percent of the country’s hard currency earnings and provide about half of government revenue. The Iranian rial has already plunged by 11 percent this week against the US dollar, compounding already high levels of inflation.
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06/01/2012
Russia Today* – Without much media attention, thousands of American troops are being deployed to Israel, and Iranian officials believe that this is the latest and most blatant warning that the US will soon be attacking Tehran.
Netanyahu
Tensions between nations have been high in recent months and have only worsened in the weeks since early December when Iran hijacked and recovered an American drone aircraft. Many have speculated that a back-and-forth between the two countries will soon escalate Iran and the US into an all-out war, and that event might occur sooner than thought.
Under the Austere Challenge 12 drill scheduled for an undisclosed time during the next few weeks, the Israeli military will together with America host the largest-ever joint missile drill by the two countries.
Following the installation of American troops near Iran’s neighboring Strait of Hormuz and the reinforcing of nearby nations with US weapons, Tehran authorities are considering this not a test but the start of something much bigger.
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