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Iran Vows to Close Key Strait if US Cuts Off Oil Exports

Iranian President Hassan Rouhani on Tuesday repeated his threat to close the Strait of Hormuz, the passageway for nearly a third of all oil traded by sea, if the U.S. shuts off Iran's oil exports. State TV quoted Rouhani as saying that “if someday, the United States decides to block Iran's oil (exports), no oil will be exported from the Persian Gulf.” The strait at the mouth of the Persian Gulf is crucial to global energy supplies. Rouhani also pledged that the United States...

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