Iran threatens oil exports to West

Iran will close the Strait of Hormuz, cutting off oil exports, if the West imposes sanctions on its oil shipments, a senior Iranian official has said.

Iran will close the Strait of Hormuz, cutting off oil exports, if the West imposes sanctions on its oil shipments, a senior Iranian official has said.

Vice President Mohamed Reza Rahimi said Iran does not want hostilities but said the West was continuing to plot against his country, according to the Iranian official news agency IRNA.

Closing the strait would have an immense world economic impact as about 40% of global oil supplies pass through it.

The West is considering limiting Iran’s oil trade over its disputed nuclear programme. Some 80% of Iran’s foreign revenue comes from oil exports.

Iran is conducting 10-day naval manoeuvres in the area of the Strait of Hormuz,

Rahimi has no major role in Iran’s foreign or military policy.

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