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Dangerous mix: Iranian oil and U.S. sanctions
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12-29-2011, 08:15 PM
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Jerwittdergut
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Dangerous mix: Iranian oil and U.S. sanctions
Now this makes me really nervous .. fifth fleet is already present ..
The USS John C. Stennis aircraft carrier is seen as it allegedly went "inside the manoeuvre zone" where Iranian ships are conducting 10 days of wargames in the Gulf, accoridng to Iranian officials.
The Iranian exercise is taking place in international waters near the Strait of Hormuz, the passageway for one-sixth of the world’s oil supply.
Beyond it lie vast bodies of water, including the Arabian Sea and the Gulf of Aden. The US Navy’s Bahrain-based 5th Fleet is also active in the area, as are warships of several other countries that patrol for pirates there.
Dangerous mix: Iranian oil and U.S. sanctions - CNN.com
Iran says it recorded video of US aircraft carrier | World | DAWN.COM
Iran has threatened that it will retaliate against the Obama administration's proposed new economic sanctions on Iran's oil exports by blocking the flow of oil from the Persian Gulf. "If sanctions are adopted against Iranian oil," said Iran's Vice President Mohammad Reza Rahimi, "not a drop of oil will pass through the Strait of Hormuz," the narrow waterway at the mouth of the Persian Gulf, which one-fifth of the world's oil supply passes through daily.
Oil rises on shortcovering as market eyes Iran | Reuters
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