When it comes to the hairy situation in the countries of the Arab world, the whole world walks on the tip of toes as stability here is inherent essential to the price of oil, and obviously, the economic well-being of the planet. But, with Iran threatening to close the Strait of Hormuz for navigation, the United States acts to ensure stability in the area.
On Tuesday, Vice President Mohamed Reza Rahimi threatened that Iran will close the Strait of Hormuz, the world’s most important oil route. This means that all oil exports will be cut off. Reza Rahimi threat comes in reply to the West’s decision to impose sanctions on Iranian oil shipments because of the country’s nuclear program.
Vali Nasr, Tufts University professor, said: “We’re in the game of threats. If you’re going to cut them out of the oil market, they have no interest in the flow of oil from the region”.
Yesterday, Adm. Habibollah Sayyari, Iran’s navy chief stated for Press TV that closing down the Strait of Hormuz can be easily done. He added that the navy is in control of the strait and can readily block it.
Soon after the second threat regarding the shutdown of the Strait of Hormuz, the U.S. authorities reacted and warned Iran it will not tolerate any disruption of traffic. Pentagon press secretary George Little said: “This is not just an important issue for security and stability in the region, but is an economic lifeline for countries in the Gulf, to include Iran”. For this reason, “interference with the transit or passage of vessels through the Strait of Hormuz will not be tolerated”.
At the same time, the U.S. Fifth Fleet said that “anyone who threatens to disrupt freedom of navigation in an international strait is clearly outside the community of nations; any disruption will not be tolerated”.
Analysts say that closing down the Strait of Hormuz is a little bit farfetched. Thorbjoern bak Jensen, oil analyst with Global Risk Management, said that the threat “supported the oil market yesterday, but the effect is fading today as it will probably be empty threats as they cannot stop the flow for a longer period due to the amount of U.S. hardware in the area”.