Egypt offers 'out-of-the-box' incentives to lure electric vehicle makers    Egypt's bourse to launch low-volatility stock index EGX35-LV on Aug. 1    Egypt's FM urges UK to pressure Israel to stop Gaza war    H. Kong's trade volume jumps in June '25    Egypt's anti-drug body launches new awareness phase in Maspero Triangle    Minister El-Shimy pushes for stronger returns, partnerships in real estate, construction sectors    Apparel, textile chambers engage with Chinese delegation to explore investment opportunities in Egypt    Agiba Petroleum starts production from Arcadia-28 at 4,100 BOE/day    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Obama calls for aid access to Gaza, says 'no justification' for withholding food    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Egypt will keep pushing for Gaza peace, aid: PM    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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.



U.S. Navy says will protect commerce in face of Iran oil threat
Published in The Egyptian Gazette on 05 - 07 - 2018

LONDON, July 5, 2018 (News Wires) - The U.S. Navy stands ready to ensure free navigation and the flow of commerce, the U.S. military's Central Command said on Thursday, as Iran's Revolutionary Guards warned they would block oil shipments through the Strait of Hormuz if necessary.
Iranian President Hassan Rouhani and some senior military commanders have threatened in recent days to disrupt oil shipments from the Gulf countries if Washington tries to cut Tehran's exports.
Praising Rouhani's "firm stance" against the United States, the head of the Revolutionary Guards said on Thursday their forces were ready to block the strait which links the Gulf to the open sea.
In May, U.S. President Donald Trump pulled out of a multinational deal under which sanctions on Iran were lifted in return for curbs to its nuclear program. Washington has since told countries they must stop buying Iranian oil from Nov. 4 or face financial measures.
If Iran cannot sell its oil under U.S. 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.
"We are hopeful that this plan expressed by our president will be implemented if needed ... We will make the enemy understand that either all can use the Strait of Hormuz or no one," Jafari was quoted as saying by Tasnim news agency.
The Strait of Hormuz is the most important oil transit channel in the world with about one-fifth of global oil consumption passing through each day.
"The U.S. and its partners provide, and promote security and stability in the region," Central Command spokesman Navy Captain Bill Urban said in an email to Reuters.
Asked what would be the U.S. Naval Forces' reaction if Iran blocks the strait, he said: "Together, we stand ready to ensure the freedom of navigation and the free flow of commerce wherever international law allows."
The Guards' naval arm lacks a strong conventional fleet. However, it has many speed boats and portable anti-ship missile launchers, and can lay mines.
A senior U.S. military leader said in 2012 the Guards have the ability to block the strait "for a period of time" but the United States would take action to reopen it in such an event.


Clic here to read the story from its source.