Can Iran Regime Close Busy Shipping Waterway?
By Mohammad Sadat Khansari The Iranian Regime has threatened to close the world’s busiest shipping lane in response to the US decision to remove the sanctions waivers on the country from May 2. On Monday, Secretary of State Mike Pompeo vowed that the US would not extend sanctions waivers on eight countries – China, India, Japan, South Korea, Taiwan, Greece, Italy, and Turkey – who had been allowed to keep buying Iranian oil after the sanctions snapped back last November. The sanctions came into force after the US withdrew from the nuclear deal, citing Iran’s violation of the UN resolution surrounding the deal. What did Iran Regime do? Alireza Tangsiri, a commander in Iran’s Islamic Revolutionary Guard Corps (IRGC), which was recently designated a terrorist organisation by the US, vowed that they would block off the Strait of Hormuz, severely impacting the flow of goods, especially oil. This would make shipments more dangerous and more expensive. Tangsir...