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Strait of Hormuz showdown: Iran-U.S. brinkmanship nears its breaking point | News | National Post   Leave a comment

The United States maintains a navy presence in the Gulf in large part to ensure oil traffic there is unhindered. Its Fifth Fleet is based in Bahrain.

Iran, which is already subject to several rounds of sanctions over its nuclear programme, has repeatedly said it could target the Strait of Hormuz if attacked or its economy is strangled.

Such a move could cause havoc on world oil markets, disrupting the fragile global economy, although analysts say the Islamic republic is unlikely to take such drastic steps as it relies on the route for its own oil exports.

via Strait of Hormuz showdown: Iran-U.S. brinkmanship nears its breaking point | News | National Post.

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