persian gulf

2:00AM
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Iran is making lots of noise about closing the Strait of Hormuz, the vital international waterway that carries 17 million barrels of oil every day—35 percent of the crude oil transported by sea. The control of the Persian Gulf region is in Iran’s hands, Iranian naval chief Habibollah Sayyari ominously warns. This follows news that the Iranian parliament is mulling legislation to block tanker traffic through the strait, which comes on the heels of Sayyari’s boast late last year that closing the strait would be easier than drinking a glass of water.