Trump is ready to block Iran’s ability to export oil and support the economy

The United States recalled that in may expires the period of temporary cessation of sanctions against Iranian oil exporters. This interruption was one of the conditions of the «nuclear deal», previously concluded with Iran by the Obama administration. According to information leaked to the media, the White house does not intend to renew this order, that, in fact, break the agreement. Perhaps it was referring to the US President Donald trump, who noted on Twitter that without Iranian oil on the market will suffice:

«Saudi Arabia and other countries belonging to OPEC, more than make up for the difference in oil flow in our full sanctions against Iranian oil. @JohnKerry and the people who helped him to lead Iran to a very bad nuclear deal on Iran give Iran a VERY BAD advice.»

Saudi Arabia and others in OPEC will more than make up the difference in Oil Flow our now Full Sanctions on Iranian Oil. Iran is being given VERY BAD advice by @JohnKerry and people who helped him lead the U. S. into the very bad Iran Nuclear Deal. Big violation of the Logan Act?

— Donald J. Trump (@realDonaldTrump) April 22, 2019

Today, this issue will be considered by Secretary of state Mike Pompeo previously said that «the deal» did not work, and Iran continues to play an increasingly destructive role in the region, supporting terrorist movements. The restriction of oil exports would have on the economy of Iran is severe, if not catastrophic impact.

In response, the Iranians have already begun to remind that they are ready to close the Strait of Hormuz, causing a blow to the economy of all countries of the region and their export of energy resources. The head of the Navy of Iran Alireza of Tangsiri, according to Bloomberg, said: «If we forbid to use it (the Strait of Hormuz), we take him down. In case of any threats we will not have the slightest hesitation to protect waterways and Iran.»

Could Iran Shut the Strait of Hormuz?

— Young Research (@yngresearch) April 22, 2019

The Strait is at its narrowest place a width of 54 km, and one of the banks controlled by Iran, which theoretically allows its Navy and land forces to impede the movement of ships in the Gulf. According to various estimates, through the Strait of Hormuz is about 90% of the oil exported from the Persian Gulf, or 30-40% of the global oil Maritime traffic.

Trump is ready to block Iran’s ability to export oil and support the economyshutterstock

Yet, as the BBC notes, the reaction to the hints from Washington and Tehran was brought on Monday to increase oil prices by 2.5%.