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Iran warns gulf countries on oil exports

WASHINGTON, Jan. 17 (UPI) -- With the economic noose poised to tighten around Iran over its suspect nuclear program, the Tehran regime is shaking a stick at Gulf nations.

Middle East tensions = pain at the pump

WASHINGTON, Jan. 17 (UPI) -- Tensions in the Persian Gulf and modest economic recovery in the United States could influence retail gasoline prices, analysts said.

IEA monitoring Persian Gulf developments

DUBAI, United Arab Emirates, Jan. 17 (UPI) -- The International Energy Agency could respond to a major Middle East oil crisis but doesn't see any immediate need for action, the group's director said.
Iran: U.S. can't stop shutdown of Hormuz

Iran: U.S. can't stop shutdown of Hormuz

TEHRAN, Jan. 17 (UPI) -- Military officials in Tehran said the United States can not stop Iran from preventing oil from passing through the strategic Strait of Hormuz.

Iran receives U.S. message on 'red line'

TEHRAN, Jan. 16 (UPI) -- The Iranian foreign ministry confirmed that Tehran received a message from the United States regarding threats to close the Strait of Hormuz.

Crude oil at $99 per barrel

NEW YORK, Jan. 13 (UPI) -- Light, sweet crude oil prices in New York dropped to $99 per barrel Friday, with worries over Iran on the back burner.

Saudi oil output 'stretched to the limit'

RIYADH, Saudi Arabia, Jan. 13 (UPI) -- Saudi Arabia, the world's leading oil exporter, has for decades used spare production capacity to cover shortfalls in output by other oil states and prevent prices spiraling in times of crisis.
Iran: CIA, Mossad behind scientist's death

Iran: CIA, Mossad behind scientist's death

TEHRAN, Jan. 13 (UPI) -- Iran's Ayatollah Ali Khamenei Friday blamed the CIA and Israeli intelligence agency Mossad for the killing of an Iranian nuclear scientist.
U.S. targets Iran with more sanctions

U.S. targets Iran with more sanctions

WASHINGTON, Jan. 13 (UPI) -- The U.S. government said sanctions on companies tied to the Iranian energy sector are an important step in deterring Iran from developing a nuclear weapon.
U.S. warns Iran ayatollah on strait threat

U.S. warns Iran ayatollah on strait threat

WASHINGTON, Jan. 13 (UPI) -- The Obama administration warned Iran's supreme political-religious authority closing the Strait of Hormuz would trigger a U.S. response, U.S. officials said.
Iran, West use oil weapon in gulf standoff

Iran, West use oil weapon in gulf standoff

DUBAI, United Arab Emirates, Jan. 12 (UPI) -- As the West and Iran confront each other in the Persian Gulf, both sides are wielding the oil weapon more than 40 years after it was first used in the Middle East.

Japan reviews alternatives to Iran's oil

TOKYO, Jan. 12 (UPI) -- Japanese officials said they were considering alternative energy options amid increased sanctions pressure on the government of Iran.

Iran seeks South American support over crisis

MANAGUA, Nicaragua, Jan. 11 (UPI) -- Iranian President Mahmoud Ahmadinejad won support from Latin America's left-wing populist leaders in Venezuela and Nicaragua as he set off for talks in Havana with Cuban President Raul Castro and conclusive meetings in Ecuador.

China looking to secure oil supply?

BEIJING, Jan. 11 (UPI) -- Chinese Premier Wen Jiabao will embark on a six-day tour to the Middle East aimed at strengthening the country's energy supply, analysts said.
Slaying of nuclear scientist inflames Gulf tensions

Slaying of nuclear scientist inflames Gulf tensions

DUBAI, United Arab Emirates, Jan. 11 (UPI) -- The assassination of an Iranian nuclear scientist in Tehran, allegedly by Israel's Mossad intelligence service, has supercharged tensions in the Persian Gulf where Iran is threatening to close the strategic Strait of Hormuz, a key oil artery.
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Photos
Strait of Hormuz
Iranian women walk on the shore of the Oman Sea in Chabahar, a city in southeastern Iran near the Strait of Hormuz, on January 16, 2012. Chabahar is a free trade zone on the coast of the Gulf of Oman. India is helping Iran to develop the Chabahar port, which is Iran's closest and best access point to the Indian Ocean. UPI/Maryam Rahmanian
Wiki

The Strait of Hormuz /hɔrˈmuːz/ (Persian: تنگه هرمز Tangeh-ye Hormoz, Arabic: مضيق هرمز‎ Maḍīq Hurmuz) is a narrow, strategically important strait between the Gulf of Oman in the southeast and the Persian Gulf. On the north coast is Iran and on the south coast is the United Arab Emirates and Musandam, an exclave of Oman. The strait at its narrowest is 54 kilometres (34 mi) wide.[1] It is the only sea passage to the open ocean for large areas of the petroleum-exporting Persian Gulf. About 14 tankers carrying 15.5 million barrels (2,460,000 m3) of crude oil pass through the strait on an average day, making it one of the world's most strategically important choke points. This represents 35% of the world's seaborne oil shipments, and 20% of oil traded worldwide in 2011.[2]

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Strait of Hormuz."
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