The Islamic Republic of Iran will not get away with that. The...

First 4 Last

Share
Profile

Follow
JCoure

41,377 Posts.

1092

22/07/18

21:05

Post #: 34508151
Share

Originally posted by CEOChair ↑

Who needs a takeover, when you can have an oil war?

Iran threatens to unleash an oil war by stopping all shipments leaving the Persia Gulf

Iran’s supreme leader has backed President Hassan Rouhani’s proposal that Iran may block Gulf oil exports if its own exports are stopped, raising the prospect of a global oil-supply crisis.

“(Ayatollah Ali Khamenei) said remarks by the president … that ‘if Iran’s oil is not exported, no regional country’s oil will be exported,’ were important remarks that reflect the policy and the approach of (Iran’s) system,” Khamenei’s website said on Saturday.

Rouhani’s apparent threat earlier this month to disrupt oil shipments from neighbouring countries came in reaction to looming US sanctions and efforts by Washington to force all countries to stop buying Iranian oil.

If Iran were to block the Strait of Hormuz, the strategic bottleneck at the end of the Gulf, the world’s supply could be cut by as much as 30%.

https://thenewdaily.com.au/news/world/2018/07/21/iran-threatens-gulf-blockade/

Expand

The Islamic Republic of Iran will not get away with that. The Gulf Cooperation Council controlled by OPEC members will never allow the Strait of Hormuz to be blocked.

But I do think SXY has a very good future regardless of the use of the Strait of Hormuz.

SXY Price at posting: 41.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

Trump chides Powell as Goldman call for calm. The RBA must be nervous

I88

Infini Resources onto Phase 2 at Portland Creek after spotting 'widespread uranium'

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

ASX Market Open: Yet more Wall Street highs to flow on to gaining Oz shares | July 4

NUZ

Neurizon significantly advances NUZ-001, enters global licensing agreement

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

The Islamic Republic of Iran will not get away with that. The...

Top Stories

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Infini Resources onto Phase 2 at Portland Creek after spotting 'widespread uranium'

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

ASX Market Open: Yet more Wall Street highs to flow on to gaining Oz shares | July 4

Neurizon significantly advances NUZ-001, enters global licensing agreement

Featured News