- The Iranian Vice President Ali Rahimi has warned that the Strait of Hormuz will be closed off to oil shipments if the West increases sanctions against his country.
- The statement has come at a time when Iran is conducting naval war games near the Strait of Hormuz.
- More than a third of the world’s tanker-borne oil passes through the Strait of Hormuz.
- Iran is the second largest producer and exporter of oil after Saudi Arabia in the region.
