Thursday, November 8, 2012

Strategic oil needed if Iran shuts Hormuz

Strategic oil needed if Iran shuts Hormuz

Dubai, United Arab Emirates (UPI) Nov 7, 2012
Strategic oil reserves will be needed if Iran seeks to close the choke point Strait of Hormuz because overland pipelines can only carry one-third of the oil supplies that move through the waterway, an Arab energy group has warned. The Tehran regime has threatened to block the 112-mile strait, the only way in and out of the Persian Gulf, if the United States attacks over the Iranian nuclhttp://www.energy-daily.com/reports/Strategic_oil_needed_if_Iran_shuts_Hormuz_999.html

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