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Sunday, January 1, 2012

Blockade of the Strait of Hormuz Will Damage the World Economic

The blockade of the Strait of Hormuz, if so embodied Iran, potentially damaging the world economy amid financial crisis European unfinished. In fact, direct market reacted so negatively Iranian Vice President Mohammad Reza Rahimi threat to blockade the Strait of Hormuz throws, Tuesday (27/12).
Oil prices went up by more than 1 dollar a barrel on the New York and London. Crude oil contract, light sweet crude for February delivery on the New York Mercantile Exchange closed at 101.34 dollars a barrel on Tuesday, up 1.66 dollars from its closing price last Friday.
In London, Brent crude oil rose to 109.27 dollars per barrel, up 1.31 dollars from last week.
The energy consultant Schork Group estimates that world oil prices could rise to above 140 U.S. dollars per barrel if Iran is really closing the Strait of Hormuz.
"We doubt this political maneuvering will be realized. Nevertheless, oil prices will remain above 100 (U.S. dollars per barrel), "said the report of The Schork Group.
Carl Larry, President of the Oil Outlook in New York, USA, said the surge in oil prices that occurred when Iran was completely shut down the Strait of Hormuz would damage the global economy. "(Strait) is the main economic lines. If it is closed will be a big impact on the economies of the Middle East countries. Secondly, Saudi Arabia did not have enough oil reserves to replace the shortage of oil supplies from Iran (if Iran embargoed), "said Larry.
A few weeks ago, French President Nicolas Sarkozy proposed the oil embargo sanctions against Iran to force the country abandon its nuclear program. However, this plan is opposed by many parties, including from the European Union.
Open threats
Iran has been trying not to openly declare his threat to close one lane of the busiest in the world oil supply is. However, the statement Rahimi is an open threat.
"If sanctions are imposed against Iran's oil exports, there is no single drop of oil that will pass through the Strait of Hormuz," said Rahimi quoted as saying by Iran's official news agency, IRNA.
The threat was reinforced Iranian Navy Chief of Staff of the Young Laksaman Habibollah Sayyari, Wednesday (28/12), by saying, very easy for the Iranian military to close the Strait of Hormuz. "Closing the strait for the Armed Forces of Iran is very easy, easier than drinking a glass of water," he said.
Sayyari said the Iranian Navy was formed with the aim able to close the Strait of Hormuz at any time needed. Nevertheless, he continued, closing the Strait of Hormuz has not been deemed necessary by Iran.
"Today we do not need to close the strait because we still can control the Sea of ​​Oman and the traffic of ships in the sea," said Sayyari who would like to emphasize that Iran controls the Strait of Hormuz completely.
Iran is controlled almost all strategic points around the only door out of the Persian Gulf. Tankers carrying crude oil from oil-producing countries in the Persian Gulf, such as Saudi Arabia, Bahrain, Kuwait, Qatar, United Arab Emirates, and Iran itself, must pass through the narrow straits toward the open sea.
The U.S. alone underestimate the Iranian threat. U.S. State Department spokesman Mark Toner Rahimi considers the statement was a mere bluff. "In my opinion, it was just an attempt to divert attention from the real problem, namely the violation of their international obligations related to nuclear, which is done constantly," says Toner.
The U.S. put the U.S. Navy Fifth Fleet in Bahrain, Persian Gulf island nation, with one primary mission to keep the Strait of Hormuz remain open paths and safe.

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