United States navy on alert as Iran threatens to block Gulf oil route

GETTYIt comes following Donald Trump’s warnings of punishments for companies which purchase Iranian oil

In calls Thursday with German Chancellor Angela Merkel and French President Emmanuel Macron, Iranian President Hassan Rouhani said since the USA withdrawal "Iran has been dealing with economic issues and problems in banking relations and oil" and that foreign companies were "skeptical" about continuing their business, Iran's semi-official Mehr news agency reported.

With tensions rising over the strategic waterway, the European Union is proposing a plan for salvaging a multinational nuclear deal with Tehran after Washington withdrew, but Iranian President Hassan Rouhani told leaders in Paris and Berlin on Thursday that the package did not go far enough. Washington has since told countries they must stop buying the OPEC producer's oil from November 4 or face financial consequences.

If Iran can not sell its oil under USA pressure, then no other regional country will be allowed to either, said Mohammad Ali Jafari, who commands the Islamic Revolutionary Guard Corps, Iran's most powerful military force. This was extrapolated by U.S. officials as a threaten to shut down all regional oil shipping, when it could just as easily be interpreted as noting that Iran can basically export its oil under the guise of it coming from other regional countries, which is common behavior during sanctions.

On Thursday, Jafari hailed what he called Rouhani's "decisive" stance against Washington's threats, expressing the hope that the warning would be put into action if the need arises.

In response, US Navy Central Command spokesperson Bill Urban said that US ships were ready to fulfill their mission to "provide and promote security and stability in the region".

Revolutionary approaches in dealing with the enemy and the U.S. on top enables us to give a lesson to the enemy that the use of Strait of Hormuz will be for all or for none, stressed the commander.

The pillars of the European Union's strategy are: European Investment Bank lending, a special measure to shield EU companies from U.S. secondary sanctions, and a Commission proposal that EU governments make direct money transfers to Iran's central bank to avoid United States penalties.

European Union leaders to hold mini-migration summit as crisis festers
That would have a knock-on effect on other European Union states, hit cross-border business and travel. The decline is even starker compared with 2016: It equals just 19 per cent of the same period in 2016.

With a third of the world's sea-borne oil passing through it every day, the Strait of Hormuz is a strategic artery linking Middle East crude producers to key markets in Asia Pacific, Europe, North America and beyond.

Iran's Revolutionary Guards have also warned that they may block oil shipments through the Strait of Hormuz in response to USA calls to ban all Iranian oil exports.

An Iranian warship and speed boats take part in a naval war game in the Persian Gulf and the Strait of Hormuz, southern Iran April 22, 2010.

Would Iran actually block shipping in the Strait of Hormuz?

The EU, once Iran's biggest oil importer, has vowed to keep the 2015 nuclear deal alive without the United States by trying to keep oil and investment flowing.

The pillars of the European Union's strategy are: European Investment Bank lending, a special measure to shield EU companies from US secondary sanctions, and a Commission proposal that EU governments make direct money transfers to Iran's central bank to avoid USA penalties. The proposed package "only included some general promises like previous European Union statements", Rouhani said.

Iran, which strongly denies ever seeking to build a nuclear bomb, has warned it could resume uranium enrichment for civilian purposes if the deal collapses.

Related news:

Hot News

isis-killer-beheading-video-story-top China says it won’t fire ‘first shot’ in trade standoff with US
Jul 05, 2018 - 10:11
Now it is attempting to resort to an all-out trade and economic war to hold back China's normal development. Gao noted that most of those exports are actually made by USA and worldwide companies in China.

isis-killer-beheading-video-story-top Silva wants Spain to use speed at World Cup to beat Russian Federation
Jul 05, 2018 - 09:47
Ramos said. "We have had this philosophy for many years, and comparisons with our best national team of all time are hard ". But a convincing 3-0 defeat to Uruguay suggests Russian Federation are unlikely to be a match for Spain .

isis-killer-beheading-video-story-top England Beat Colombia on Penalties, Advance to World Cup Quarter-Finals
Jul 04, 2018 - 06:37
It's an issue Southgate will have to resolve fast, and he may have to turn to Ruben Loftus-Cheek to help out. Earlier, England looked to be headed through to the quarterfinals only for Colombia to level in added time .

isis-killer-beheading-video-story-top Golden retriever shields owner from rattlesnake bite while hiking
Jul 03, 2018 - 09:13
Godwin says on Facebook that Todd is recovering and is "being a normal puppy". As the reptile lunged at her, Golden Retriever Todd jumped to her aid.

isis-killer-beheading-video-story-top North Korea steps up production of fuel for nuclear weapons
Jul 02, 2018 - 02:25
Bolton said the USA has a program in the works that would allow for North Korea's nuclear program to be dismantled within a year. John Bolton said top USA diplomat Mike Pompeo will be discussing that plan with North Korea in the near future.

isis-killer-beheading-video-story-top Portugal v Uruguay - Preview and possible lineups
Jul 01, 2018 - 00:31
Cavani sent the ball across the field to Suarez, who aggressively dribbled to the top corner of the penalty area. Edinson Cavani's double sent Uruguay into the last eight of the Fifa World Cup in Russian Federation .

isis-killer-beheading-video-story-top Enyeama reacts as African teams crash out of tournament
Jun 30, 2018 - 01:40
The elimination of Germany in the first round and several teams failing to shine has left the World Cup wide open. He said his players were aware of the rules but he had refused to tell them to adapt their game accordingly.

isis-killer-beheading-video-story-top Watch as Jeff Sessions Disgustingly Jokes About Separating Children at the Border
Jun 30, 2018 - 01:16
Similar to her visit to Tucson, the first lady took part in a round table where she heard from officials at the Phoenix facility. Last week , her critics blasted her trip to visit immigrant children that the government had separated from their parents.

isis-killer-beheading-video-story-top Brazil? Argentina? Portugal? Belgium coach Roberto Martinez says they're ready for anyone
Jun 29, 2018 - 16:27
Finding space in the box, the 23-year-old cut in and fired the ball past England goalkeeper Jordan Pickford with his left boot. What could have been a tantalizing match between two strong European teams turned out to be a bit of a letdown.

isis-killer-beheading-video-story-top Alexandria Ocasio-Cortez explains her shocking victory and takes shot at Trump
Jun 29, 2018 - 16:25
They point out that black and Latino voters make up a majority in the district; Oscasio-Cortez is Latina while Crowley is white. Boston University professor Raul Fernandez says the Bronx born grassroots organizer won because she knows her constituents.

isis-killer-beheading-video-story-top Lakers Racing to Acquire Kawhi Before LeBron Decides on Option
Jun 28, 2018 - 00:18
If Leonard does, however, make his intentions of heading to L.A.in 2019 free agency clear enough, it could scare off other teams. San Antonio Spurs star Kawhi Leonard has already established he wants to be traded, multiple reports have confirmed.

isis-killer-beheading-video-story-top Swedes unite against racism after Durmaz abuse
Jun 26, 2018 - 03:20
In the post-match interview, Kroos accepted the fact that he was responsible for Sweden's goal, but then gave a direct reply on Germany's fightback in the 2nd half.

isis-killer-beheading-video-story-top The inexorable decline of the Turkish lira under Erdogan
Jun 26, 2018 - 03:04
The results surprised many analysts who had predicted a second round vote and an opposition majority. The CHP said it had recorded violations in the southeastern province of Sanliurfa.

isis-killer-beheading-video-story-top White Woman Calls Police On 8-Year-Old Girl Selling Water
Jun 25, 2018 - 02:33
Twitter users are now calling her "Permit Patty". "I have no problem with enterprising young women", she told the publication. She also said the incident had nothing to do with race; it was only about the volume of their salesmanship.

isis-killer-beheading-video-story-top Falcao scores maiden World Cup goal as Colombia eliminate Poland
Jun 25, 2018 - 02:26
There appeared little panic amongst the Colombian ranks as their fans partied their way to the Kazan Arena on Sunday. Rodriguez played a pivotal role as Colombia boosted their chances of reaching the knockout stages with a 3-0 win.