The overwhelming bulk of Iran’s oil exports flow through the Strait of Hormuz. Oil is virtually Iran’s only export and the only thing keeping up its moribund economy. It is inconceivable that Iran would shut down the strait, unless the regime faced its own demise. Anything less than that, and Iran would never cut off the strait, whatever its rhetoric. This verbal jousting on the part of the Iranians demonstrates that they are feeling the heat of sanctions.
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