Thursday, December 29, 2011

Iran Ratchets Up Tension, Threatens To Cut Oil Route

The country's top admiral says his forces can easily close the strategic Strait of Hormuz, where up to 20 percent of the world's oil flows. In response, the U.S. warns that any disruption at the strait "will not be tolerated." And a Saudi official says Gulf Arab nations are ready to offset any loss of Iranian crude.

Michelle Behennah Michelle Branch Michelle Malkin

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