Monday, December 19, 2011

No oil will pass Hormuz if Iran oil banned

An Iranian lawmaker says if Iran's oil industry is targeted by international sanctions the Islamic Republic will not let a single barrel of oil cross the strategic Strait of Hormuz.

“[The US] should know that in line with international law, such as Paragraph 4, Article 14 of Geneva 1958 Convention, if oil sanctions are imposed on Iran, we will not allow even a single barrel of oil to be exported to countries hostile to us,” Issa Jafari noted on Sunday.

He added that the Strait of Hormuz is the world's energy corridor through which a daily total of 35 million barrels of crude oil is exported.


The lawmaker further said that new sanctions were a plot by the US and its allies to divert global attention from the Occupy Wall Street movement and also to cover up the recent scandal with regards to the US spy drone violating Iran's airspace.


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