Reagan.com Home Contact Reagan.com Reagan.com Support
Follow Reagan.com on Facebook Follow Reagan.com on Twitter     
0 item(s) | $0.00
  Reagan.com Members   Your Private Reagan.com Email
  • Secure and Private Email from Reagan.com
  • About the New Reagan Revolution
  • Reagan.com Support
  • Gift Certificates for Reagan Conservatives

Iran warns region against "dangerous" stance on Hormuz

Thursday, January 19, 2012

(Reuters) - Iran's foreign minister warned Arab neighbors on Thursday not to put themselves in a "dangerous position" by aligning themselves too closely with the United States in the escalating dispute over Tehran's nuclear activity.

Iran has threatened to close the Strait of Hormuz, used for a third of the world's seaborne oil trade, if pending Western moves to ban Iranian crude exports cripple its lifeblood energy sector, fanning fears of a slide into wider Middle East war.

European Union foreign ministers are expected at a meeting on Monday to agree an oil embargo against Iran and a freeze on the assets of its central bank, French Foreign Minister Alain Juppe said, confirming diplomatic leaks.

Saudi Arabia, the world's No. 1 oil exporter, riled Iran earlier this week when it said it could swiftly raise oil output for key customers if needed, a scenario that could transpire if Iranian exports were embargoed.

For Full Article: http://www.reuters.com/article/2012/01/19/us-iran-idUSTRE80H15Z20120119