Strait of Hormuz - Page 4

Iranian Commander Threatens to Close Strait of Hormuz to U.S.

Iran’s Gen. Hossein Salami, the deputy commander of Iran’s Revolutionary Guard, declared on Iranian state television Wednesday that the Islamic Republic will close the Strait of Hormuz, a strategic oil transport channel, to the United States if it chooses to “threaten” it.

Fars News Agency, Mahdi Marizad/Associated Press

Iran Gets $215 Billion, West Gets Cheap Oil

The termination of nuclear sanctions means Iran will pocket about $215 billion in cash, sell another million barrels of oil a day (bpd), and produce 5 million more bpd within 10 years; while the West gets 20 years of cheap oil.

The Associated Press