Tuesday, March 08, 2005
Keep an Eye on What Iran Does in the Straights of Hormuz
But read the whole thing.
Austin Bay discusses the possibility that Iran might close the Straits of Hormuz in response to US and European sanctions to prevent Teheran from obtaining nuclear weapons. The Iranians didn't actually threaten anything but simply warned of an "oil crisis" in the event they were pushed to the wall. ABC News Online says:
Iran's top nuclear official has warned the United States and Europe of the danger of an oil crisis if Tehran is sent before the United Nations Security Council over its nuclear program. ... "The first to suffer will be Europe and the United States themselves, this would cause problems for the regional energy market, for the European economy and even more so for the United States," he said.
The Iranians were at pains to distinguish between a 'reasonable' Europe and an intransigent United States. Teheran pointedly implied that if the whole region were destabilized the fault would lie squarely with the United States.
Mr Rowhani, who was speaking at a conference in Tehran on nuclear technology and sustainable development, however expressed optimism that an agreement would be reached with Europe over the development of Iran's nuclear program. ... Mr Rowhani warned the US that it could destabilise the region if it blocks an accord with Europe. If Washington brings the issue before the Security Council, "Iran will retract all the decisions it has made and the confidence-building measures it has taken", he said.
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