Iranian oil exports are widely expected to increase in 2016. 
Iranian oil exports are widely expected to increase in 2016. (Photo: AP)
Strait of Hormuz is Iran’s Trump Card Against US Oil Sanctions
  • The commander of Iran's Revolutionary Guards said last week that Tehran would block all exports through the Strait of Hormuz in the Gulf if countries heed US calls to stop buying Iranian oil from November.

    A fifth of global oil consumption passes through the Strait from Middle East crude producers to major markets.

    Outlined below are previous confrontations in the Gulf involving Iran, the military capabilities of the various parties and the diplomatic context of the latest threats:

    Also Read : Ahead of US Sanctions, India Cuts Oil Imports From Iran by 16%

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