US ‘won’t allow’ Iran to shut key Gulf oil route
MANAMA, June 30, 2008 (AFP) - The commander of the US navy's Fifth Fleet warned on Monday that the United States will not allow Iran to shut the Strait of Hormuz, the Gulf sea lane through which much of the world's oil is supplied.
"They will not close it... They will not be allowed to close it," Vice-Admiral Kevin J. Cosgriff told a press conference in Bahrain, where the Fifth Fleet is based.
His remarks followed comments by the chief of Iran's elite Revolutionary Guards, General Mohammad Ali Jafari, who issued a new warning last week against any attack against his country over its controversial nuclear drive.
"It is natural that when a country is attacked it uses all of its capabilities against the enemy, and definitely our control of the Persian Gulf and the Strait of Hormuz would be one of our actions," Jafari said.
The strait between Iran and Oman is a vital conduit for energy supplies, with as much as 40 percent of the world's crude passing through the waterway from Gulf suppliers.
"Certainly if there is fighting... the scope will be extended to oil, meaning its price will increase drastically. This will deter our enemies from taking action against Iran," Jafari said.
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- The question if there will be any fighting against Iran is slowly becoming "when" will the war start instead. The general news released seems to be more on the escalating tension between Iran and United States. This is definitely a ominous warning to everyone that a war might be pending that will potentially cause the price of crude oil to spike to unseen levels.
Massive and instantaneous hyper-inflation and recession be the result of any war that might potentially cause a huge disruption of oil supply to the world. Get ready your usual black-out kits and supply of food to last at least 2 weeks to 3 months and save electricity as much as possible!
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