Dec 30, 2011 Iran closing the Hormuz Strait would send the shockwaves across the global economy.mp4

Foreign affairs analyst Richard J. Heydarian says that Iran has to play the Hormuz card as it cannot afford to lose 70 per cent of the nation's revenues if Washington sanctions its oil sector.

"Iran knows that closing the Hormuz Strait would send the shockwaves across the global economy, which is very fragile right now," Heydarian told RT. "But in my opinion, it is just a rhetorical gesture as Iran needs to draw red lines. It doesn't mean that Iran is really willing to engage in that kind of military situation. Today's a reminiscent of the so-called 'Tanker wars' of the 1980s [between Iraq and Iran]."




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• 2011 Iran closing the Hormuz Strait would send the shockwaves across the global economy