Ban Iranian oil ? We’ll shut down the Persian Gulf

Posted: 12/19/2011 in all marine news

gCaptain –

Iran would block the Strait of Hormuz if it came under an oil embargo, an Iranian lawmaker was quoted as saying Sunday, apparently referring to U.S. plans to sanction Tehran’s Central Bank.

The remarks could trigger new jitters in the oil market after crude futures rose sharply Tuesday over rumors–which were denied–that Iran had closed the world’s most vital oil-shipping channel.

According to the official Fars news agency, lawmaker Isa Ja’fari told parliament that: “If an oil embargo is placed on Iran, we will not allow a single barrel of oil to pass through here to the belligerent countries.”

The statements are in sharp contrast with a reassuring pledge by Iranian Oil Minister Rostam Ghasemi last week that the country wouldn’t block the Strait and that he didn’t expect Europe to enforce a ban on its oil.

But lawmaker Ja’fari said Western nations “have not learned their lesson yet and they are once again thinking of imposing an oil embargo on Iran.

“This has even been approved in the American Senate,” he said.

Full story…

Comments are closed.