1 week ago

Iran Threatens Persian Gulf Oil Halt Amid US Economic Pressure

Iran Threatens Persian Gulf Oil Halt Amid US Economic Pressure
'Not A Single Drop Of Oil': Iran Threatens To Halt All Persian Gulf Oil Exports, Warns US Economic War Could Trigger 'Act Of War' · freepressjournal.in

Iran and the United States are in a serious disagreement over economic sanctions.

Iran calls the American pressure an economic war.

Mohsen Rezaei warned that Iran might stop all oil exports through the Strait of Hormuz and other parts of the Persian Gulf.

He also warned countries helping the United States that Iran could treat their support as an act of war.

The United States was preparing new financial measures against Iran and countries trading with it.

Other Iranian officials said sanctions are not new to Iran and could eventually hurt the countries imposing them.

China said pressure and sanctions would not solve the disagreement and urged diplomacy.

A major disruption to the Strait of Hormuz could affect oil shipments and prices around the world.

Key facts

Iranian official
Mohsen Rezaei, secretary of Iran’s Supreme National Security Council
Threatened action
A halt to all oil exports through the Strait of Hormuz and elsewhere in the Persian Gulf
Condition
Continuation of the United States’ economic campaign against Iran
US measures
Washington was preparing a new financial offensive targeting Iran and its trade partners
Iranian warning
Iran said countries participating in or supporting the US campaign could be considered to have committed an act of war
Chinese response
China said sanctions and pressure would not resolve the issue and called for diplomacy
Potential impact
The articles said disruption in the Strait of Hormuz could raise global crude-oil prices and increase market volatility

Quotes

Mohammad Bagher Ghalibaf

Speaker of Iran's Parliament

“If the economic war continues, not a single drop of oil will be exported. neither through the Strait of Hormuz nor from anywhere in the Persian Gulf. Iran will regard any country's participation in or support for America's economic war against the Iranian people as an act of war.”
deccanchronicle.com freepressjournal.in news18.com
“Importing frozen meat to fix meat prices. Okay, that might work. What's the plan for bonds, import frozen yields? Frozen homebuyers for housing? Frozen paychecks for wages? A frozen foreign policy delivers a frozen economy. The only thing still moving? The Iran boomerang,”
deccanchronicle.com freepressjournal.in

Sources

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