Tuesday 3 July 2012

Iran drafts bill to close Strait of Hormuz


Iran is planning to close the Strait of Hormuz to oil tankers traveling to countries supporting economic sanctions against the Islamic Republic.
The EU embargo against Iran went into effect on July 1. While theories are that this will not affect Iran too badly, lawmakers in the Islamic Republic are drafting a bill, which would effectively close the Strait of Hormuz to oil tankers delivering to countries supporting the economic sanctions against Iran.... read more.

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