LONDON |
LONDON (Reuters) – Should Iran’s rulers ever make good their threats to block the Straits of Hormuz, they could almost certainly achieve their aim within a matter of hours.
But they could also find themselves sparking a punishing — if perhaps short-lived — regional conflict from which they could emerge the primary losers.
In recent weeks, a growing number of senior Iranian military and civilian officials have warned that Tehran could use force to close the 54 km (25 mile) entrance to the Gulf if Western states impose sanctions that paralyze their oil exports.
In 10 days of highly publicized military exercises, state television showed truck-mounted missiles blasting towards international waters, fast gunboats practicing attacks and helicopters deploying divers and naval commandos.
Few believe Tehran could keep the straits closed for long — perhaps no more than a handful of days — but that alone would still temporarily block shipment of a fifth of all traded global oil, sending prices rocketing
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