Just a little Blockade of Straits of Hormus - Comment - Israel News | Haaretz Daily Newspaper
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    • Sandman
    • 13.12.05 | 18:39 (IST)

    ..... Iran economy is driven by oil expotatation. It is estimated oil exportation contributes a little more than 90 per cent of the total Iranian economy. A blockage of Iran at the Straits of Hormus by aircraft carriers submarines, and marine mines would within as little as 3 or 4 weeks cause the economic collapse of Iranian government. (a Hoover Fundation study) BUT Iran would also attack all oil tanker shipments....Japan and China derive 90% of thier oil needs from iran and Europe about 40%...while the US has a six month oil reserve it would be forced to share it's oil with Europe and Japan...or cause a world depression....But also Iran could hold American troops at risk in Iraq.....the problem

    from the article: Ahmadinejad can continue to smile while the world argues
    First published 00:00 13.12.05 | Last updated 00:00 13.12.05
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