Iran Warns No Energy Infrastructure Will Be Safe If It Can't Sell Oil
Iran threatened to attack energy infrastructure across the Middle East if its security isn't guaranteed as it ratcheted up its rhetoric while waiting for the United States to officially respond to a plan Tehran says would reopen the Strait of Hormuz. While air attacks by both sides have subsided rec
Source: OilPrice.com
―
DW NOTE
Iran has blockaded the Strait of Hormuz for seven months. Global inventories are draining at 3 million barrels a day. Oil is trading twenty percent below its recent high. Now Tehran threatens infrastructure if sanctions tighten further — as if the current supply crisis weren't already proof that chokepoint control beats production capacity.