Iran will close Hormuz Strait in case of oil embargo: Iranian VP

TEHRAN, Dec.28 (MNA) – Iranian First Vice President Mohammad Reza Rahimi said that if oil sanctions are imposed on the Islamic Republic, Iran will close the Strait of Hormuz and will not allow other countries to export “a drop of oil” through the strategic waterway. Iranian MP Parviz Sorouri said, “Currently, the Middle East region supplies 70 percent of the world’s energy needs, (most of) which are transported through the Strait of Hormuz. We will hold an exercise to close the Strait of Hormuz in the near future. If the world wants to make the region insecure, we will make the world insecure.”