Iran renewed threats on Sunday to close the Strait of Hormuz unless sanctions against it were revoked, though it remains unclear how Tehran could shut down the vital oil shipping channel given the significant American military presence there.
July 16, 2012 10:45
As Iranian threats to close the Strait of Hormuz grew louder over the weekend, the United Arab Emirates quietly loaded its first cargo on Sunday from its long-awaited new oil export terminal on the Gulf of Oman.
July 15, 2012 5:04
Iran could prevent even "a single drop of oil" passing through the Strait of Hormuz if its security is threatened, a naval chief said on Saturday, as tensions simmer over Tehran's nuclear programme.
July 14, 2012 8:51
Suspects sought 'everything you need' for centrifuges; Iranian suspect arrested in May in the Philippines; Hong Kong, China seen as conduits to evade Iran sanctions; No evidence Chinese government was aware of transactions
July 14, 2012 8:48