Iran’s Rouhani threatens to cut off Gulf oil

Iranian President Hassan Rouhani

Iranian President Hassan Rouhani

The Iranian president also vowed that ultimately the United States won't be able to halt Tehran's oil trade and promised that the country will emerge victorious from the confrontation with Washington.

Here we go again: Iranian President Hassan Rouhani has once again threatened to close the Strait of Hormuz, which is vital to up to one-third of all global oil shipping as it's a key transit choke point in the Persian Gulf. Sanctions on crude exports from the country were re-imposed early last month, but waivers were issued to the largest buyers of the country's oil.

State TV quoted Rouhani on Tuesday as saying that "if someday, the United States decides to block Iran's oil (exports), no oil will be exported from the Persian Gulf".

Rouhani made similar comments in July.

"We have been very clear with the Iranian regime that we will not hesitate to use military force when our interests are threatened".

"Preventing Iran from exporting oil would mean preventing the entire region from doing so", he said.

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Rouhani acknowledged there were "some problems", but said these would be addressed in the new budget plan to be presented on December 16.

He said the government would maintain subsidies on essential goods and increase public-sector wages and pensions by 20 per cent. They were after separating Khuzestan province, imposing sanctions against the country, and undermining Iran's power, but they failed.

"We would like to see the European Union move sanctions that target Iran's missile programme", Hook told reporters aboard Pompeo's plane as he travelled to Brussels.

Rouhani said the U.S. animosity towards Iran has drawn no backing except from the Tel Aviv regime and a few small states, adding that Washington has even failed to win support for such a policy at the United Nations and the International Court of Justice.

Pompeo, who also met with Israeli Prime Minister Binyamin Netanyahu in Brussels on the fringes of a North Atlantic Treaty Organisation summit on Monday, said the test violated UN Security Council Resolution 2231, which endorsed the Iran nuclear deal signed by world powers with the Islamic republic.

The Trump administration restored sanctions on Iran's energy industry to try and pressure Tehran to give up its nuclear and missile tests.

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