Human Wrongs Watch
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.