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Explainer: How could Iran disrupt Gulf oil flows?

Reuters  |  ANKARA/LONDON 

By Parisa Hafezi, Jonathan Saul and Bozorgmehr SharafedinANKARA/LONDON (Reuters) - The commander of Iran's Revolutionary Guards said last week that Tehran would block all exports through the Strait of Hormuz in the Gulf if countries heed U.S. calls to stop buying Iranian oil from November.A fifth of global oil consumption passes through the Strait from Middle East crude producers to major markets.PAST ACTIONSIran cannot legally close the waterway unilaterally because part of it is in Oman's territorial waters.However, ships pass through Iranian waters, which are under the responsibility of ...

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First Published: Wed, July 11 2018. 23:35 IST
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