Iran Says Will Respond In Kind If U.S. Tries To Block Oil Exports

 Iran will react with equal countermeasures if Washington tries to block its oil exports, the foreign ministry said on Tuesday, while the Islamic Republic’s armed forces chief said U.S. threats would draw an “unimaginable and regrettable” reaction. “If America wants to take a serious step in this direction it will definitely be met with a reaction and equal countermeasures from Iran,” foreign ministry spokesman Bahram Qassemi was quoted as saying by the state news agency IRNA. Supreme Leader Ayatollah Ali Khamenei on Saturday backed President Hassan Rouhani’s suggestion that Iran might block Gulf oil exports if its own exports are stopped. Armed Forces Chief of Staff Major General Mohammad Bagheri said on Tuesday that Iran wants peace but will defend its interests in the Gulf. So, new prices per barrel ?

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Everyone should ask themselves: "Why a constant "crunch" about oil?"  

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Inside your question is the answer - maybe try with: Who has a benefits ? 

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Desperate try, but sometimes it could be a major threat to peace .... Regime is nervous

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Market sentiment has been driven by geopolitical worries - but currently oil steady as U.S.-Iran row balances trade worry....

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Iran imports all of its gasoline, no way it closes the Strait of Hormuz.. 

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Pressure and threatening games on...keep eyes on prices...

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Meanwhile, Iran becomes second largest oil supplier to India, replacing Saudi Arabia.....

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4 minutes ago, pinto said:

Meanwhile, Iran becomes second largest oil supplier to India, replacing Saudi Arabia.....

I think Iran knows the Post november outcome...and now they maximizing their revenue before sanction hit...

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The oil route that could be behind the escalating Trump-Iran threats
 

image.png.aba1d778a2e12957b732c59d244428c4.png

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Saudi can use the red sea UAE can use gulf of Oman

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1 hour ago, damirUSBiH said:

Saudi can use the red sea UAE can use gulf of Oman

Not enough pipelines or port facilities, to just ship elsewhere.. Yes, the Kingdom can probably do 15% of their exports that way, there is a large east/west pipeline. Today Aramco loads up tankers in Rastanura and some are destined for Jazan near Yemen on the Red Sea. There the oil is offloaded for domestic consumption. For the UAE, Sharjah's port isn't structured for this. And a lot of Iranian money flows through the UAE. 

Any sort of shooting war would be lose/lose, though clearly Iran would lose the battles and it's amazing otherwise sane people consider this an option. As poor as Iran's capabilities are, if they got desperate they might feel force to target Rastanura and/or Abqaiq, and that a couple of hits would seriously disrupt things. 

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The Strait of Hormuz is the “exit point” for 30% of ALL oil leaving the Persian gulf worldwide. In April 1988 The U.S. Navy waged a 1 day battle against Iranian forces when they laid mines in the strait.  This was called Operation Praying Mantis Qanon... This history is critical to know as it’s about to repeat itself as it always does in the Middle East over oil.  

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Iran will never lift a finger to the us. its like an ant threatening a giraffe. Giraffe just need to step on it, and keep moving. I do think that Iran is playing games to try and change the oil prices, but it's not working. It is a very weak attempt.

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From the charts, I do see some attempt for oil to go up from 69.16 even higher from here. Oil is very volatile to say the least.

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Same old tunes from Iran.  See the article below from December 2011.  Nothing new and the deterrent of the U.S. 5th Fleet is still there and at the ready.  In fact, keeping the Hormuz open is at the top of their list of permanent duties.

https://www.sott.net/article/239382-US-Fifth-Fleet-says-wont-allow-disruption-in-Hormuz

It would be nice if Iran came up with something new to offer the world.  You know, something positive that contributes to the human race.

In case anyone would like to see what a "giraffe" looks like:

https://www.popularmechanics.com/military/navy-ships/a15297/us-navy-entire-fleet/

 

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It would obviously be very foolish for any one to start military hostilities. However IMH opinion it is a mistake to view the Iranian Theocracy through conventional western logic. Their actions have not been very rational in the past and I am concerned that they could do something foolish if they are cornered and feel that they don’t have much to loose. The analogy of the danger posed by a wounded wild animal comes to mind. As the perception of rising hostilities in the area increases insurance rates for shipping traffic will rise thereby increasing costs and disrupting traditional supply as some tanker owners avoid the area. Throw Yemen and Israel into the mix and matters could unravel very quickly.

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It's not a world war... it's just a word war.

Iran is playing with the threat of shutting Hormuz as a way to increase oil price and anger Trump. But I don't see the Iranians really closing the Strait as this would cause more damage to some Iranian allies than to the US (40% of China's oil imports are through Hormuz but only 17% of US oil imports).

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3 hours ago, Manfred Kruger said:

However IMH opinion it is a mistake to view the Iranian Theocracy through conventional western logic. Their actions have not been very rational in the past

I don't begin to agree, or follow, Iran's objectives, but logic, far more consistent and long game with logic than the USA, you just aren't found of their objectives. Saddam and Iraq did their job, kept Iran more as less out of play. The USA decided Saddam was the boogeyman, and freeing/destabilizing Iraq unleashed the mother of all shi$ storms. ISIS being a byproduct, Kurds hopes up and torn up, Turkey worse, Syria, intense misery, the terrorism the against the west, not of Iran's doing. But our adventures did provide Iran the opportunity to increase their influence. The USA has been unreliable to our allies, except to Israel and the House of Saud. And yes, as a wounded, desperate animal, Iran might manage a successful attack or two. 

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11 hours ago, Dan Warnick said:

https://www.popularmechanics.com/military/navy-ships/a15297/us-navy-entire-fleet/

Did anyone else notice what looks like the one sail boat that is apparently still in the US fleet?  (it is right next to the Austin class something-or-other-that-I-can't-quite-read).

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Old Ironsides is technically still in the USN. 

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18 minutes ago, Epic said:

Did anyone else notice what looks like the one sail boat that is apparently still in the US fleet?  (it is right next to the Austin class something-or-other-that-I-can't-quite-read).

Good eye, Epic.  I think it is this one:

https://en.wikipedia.org/wiki/USCGC_Eagle_(WIX-327)

She's a beauty, isn't she?  The U.S. military often speak of traditions they try to uphold, and I guess this is one of them.

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22 hours ago, damirUSBiH said:

 Iran will react with equal countermeasures if Washington tries to block its oil exports, the foreign ministry said on Tuesday, while the Islamic Republic’s armed forces chief said U.S. threats would draw an “unimaginable and regrettable” reaction. “If America wants to take a serious step in this direction it will definitely be met with a reaction and equal countermeasures from Iran,” foreign ministry spokesman Bahram Qassemi was quoted as saying by the state news agency IRNA. Supreme Leader Ayatollah Ali Khamenei on Saturday backed President Hassan Rouhani’s suggestion that Iran might block Gulf oil exports if its own exports are stopped. Armed Forces Chief of Staff Major General Mohammad Bagheri said on Tuesday that Iran wants peace but will defend its interests in the Gulf. So, new prices per barrel ?

Yes, Iran is talking about Blocking Global Oil Exports if Trump seeking to make new sanctions on Iran's oil.

“It’s laughable that the US government says it won’t allow even a drop of oil to be exported from Iran in a few months. They seem to be unaware that all oil transportation passageways are within Iran’s reach and it can block global oil [flow] whenever it wants,” Iran's IRGC Commander told on Wednesday. 

 

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On 7/24/2018 at 9:06 AM, pinto said:

Meanwhile, Iran becomes second largest oil supplier to India, replacing Saudi Arabia.....

 https://oilprice.com/Latest-Energy-News/World-News/Iran-Overtakes-Saudi-As-Indias-Second-Largest-Oil-Supplier.html

"In the period from April to June, India purchased 5.22 million tons of oil from Saudi Arabia, 5.6 million tons from Iran, and 7.27 million tons from Iraq.

But yearly figures (which run from April to March) show a decline in the amount of oil India imported from Iran: 9.8 million tons in the year ending March 2018, versus 13.04 million tons in the year ending March 2017—an almost 25 percent decline year over year."

Have to look at ALL the numbers, not just the ones that support our position.

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(edited)

5 hours ago, Rodent said:

Have to look at ALL the numbers, not just the ones that support our position.

That is the point that got me to actually switch sides, so to speak, in our other discussion about "food" subsidies.  I have my opinion, you have your opinion, but let's not misquote or cherry pick the facts.  We can leave that to the politicians.

Edited by Dan Warnick

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