Giza Pyramids host Egypt's leg of global 'One Run' half-marathon    UK regulator may sanction GB news outlet for impartiality violation    Egypt's Shoukry, Greek counterpart discuss regional security, cooperation in Athens    Valu closes EGP 616.75m securitized bond issuance    Mercon Developments introduces Nurai Project in New Cairo with EGP 10bn investment    Midar offers investment opportunities in its newest project, Mada, in East Cairo    Madinaty to host "Fly Over Madinaty" skydiving event    China's revenue drops 2.7% in first four months of '24    Turkish Ambassador to Cairo calls for friendship matches between Türkiye, Egypt    FTSE 100 up, metal miners drive gains    Egypt's c. bank offers EGP 4b in fixed coupon t-bonds    China blocks trade with US defence firms    Health Ministry adopts rapid measures to implement comprehensive health insurance: Abdel Ghaffar    Rafah crossing closure: Over 11k injured await vital treatment amidst humanitarian crisis in Gaza    Nouran Gohar, Diego Elias win at CIB World Squash Championship    Coppola's 'Megalopolis': A 40-Year Dream Unveiled at Cannes    World Bank assesses Cairo's major waste management project    Partnership between HDB, Baheya Foundation: Commitment to empowering women    Venezuela's Maduro imposes 9% tax for pensions    Health Minister emphasises state's commitment to developing nursing sector    K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art    Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Prime Minister Madbouly reviews cooperation with South Sudan    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Iran plans new manoeuvres in Hormuz Strait in Feb
Iran unveils its willingness to hold new naval exercises in the Strait of Hormuz next month, coinciding with new financial sanctions signed into law by US President Barack Obama on New Year's eve
Reuters Published in Ahram Online on 06 - 01 - 2012

Iran announced plans on Friday to hold new naval exercises in the Strait of Hormuz next month, the latest in a series of forceful gestures in the world's most important oil shipping lane at a time when new sanctions threaten Tehran's exports.
Rear Admiral Ali Fadavi, naval commander of the Iranian Revolutionary Guards Corps, said the exercises in the Gulf and the Strait of Hormuz in February would be different from previous exercises, but gave no further details, according to remarks reported by the semi-official Fars news agency.
"Today the Islamic Republic of Iran has full domination over the region and controls all movements within it," he said.
Iran held a 10-day drill which ended on Monday in the strait, which leads out of the Gulf and provides the main export route for the Middle East's oil.
Iranian officials have threatened in recent weeks to block the strait if new sanctions harm Tehran's oil exports, and this week threatened to take action if the United States sails an aircraft carrier through it.
The United States, which has a massive naval fleet in the area that is overwhelmingly more powerful than Iran's sea forces, says it will ensure the strait stays open. Britain said on Thursday that any attempt to close it would be illegal and unsuccessful.
New financial sanctions signed into law by U.S. President Barack Obama on New Year's Eve make it difficult for most countries to buy Iranian oil. The European Union is expected to announce tough measures of its own at the end of the month.
Most traders believe Iran will still be able to find markets for its 2.6 million barrels of oil per day, but will have to offer steep discounts that reduce the hard currency revenue it needs to feed its 74 million people.
Washington and its allies are imposing the measures to force Iran to abandon a nuclear programme which they say is aimed at producing an atomic bomb. Iran says the programme is peaceful.

Clic here to read the story from its source.