Dec. 29 (Bloomberg) -- A U.S. aircraft carrier was spotted in the area where Iran is conducting naval exercises, state-run Islamic Republic News Agency reported, citing the navy’s Deputy Commander Mahmoud Mousavi.
Iran’s navy started the exercises on Dec. 24 and plans to conclude the drills on Jan. 4, the news agency reported.
Iran will block oil shipments through the Strait of Hormuz if sanctions are imposed on its crude exports, the news agency reported on Dec. 27, citing Vice President Mohammad Reza Rahimi. Navy Commander Habibollah Sayyari said the blockage would be “easy,” the country’s Press TV reported yesterday.
The U.S. Navy said yesterday it won’t tolerate a disruption to shipping in the Strait of Hormuz. “The free flow of goods and services through the Strait of Hormuz is vital to regional and global prosperity,” Rebecca Rebarich, a Navy spokeswoman, said in an e-mail. “Any disruption will not be tolerated.”
About 15.5 million barrels of oil a day, or a sixth of global consumption, passes through the Strait of Hormuz between Iran and Oman at the mouth of the Persian Gulf, according to the U.S. Energy Department.
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