Iran Threatens to Block Oil Shipments, as U.S. Prepares Sanctions( = War…)

Wednesday, December 28, 2011
By Paul Martin

By DAVID E. SANGER and ANNIE LOWREY
NYTimes.com
December 27, 2011

WASHINGTON — A senior Iranian official on Tuesday delivered a sharp threat in response to economic sanctions being readied by the United States, saying his country would retaliate against any crackdown by blocking all oil shipments through the Strait of Hormuz, a vital artery for transporting about one-fifth of the world’s oil supply.

The declaration by Iran’s first vice president, Mohammad-Reza Rahimi, came as President Obama prepares to sign legislation that, if fully implemented, could substantially reduce Iran’s oil revenue in a bid to deter it from pursuing a nuclear weapons program.

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