Iran has said it would block the Strait of Hormuz if it was barred from using th...
LONDON - Iran has said it would block the Strait of Hormuz if it was barred from using the strategic waterway through which about a fifth of oil that is consumed globally passes.The threat from an Islamic Revolutionary Guards Corps commander followed a U.S.
announcement on Monday that it would end exemptions granted last year to eight buyers of Iranian oil and demanding they stop purchases by May 1 or face sanctions.The Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond, has been at the heart of regional tensions for decades.
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