US navy on alert as Iran threatens to block Gulf oil route

President Hassan Rouhani calls Trump’s sanctions on his nation ‘incorrect and unwise’

Hassan Rouhani
Iran’s President Hassan Rouhani
(Image credit: AFP/Getty Images)

The US navy is on standby near the Strait of Hormuz after Iran’s military warned it would block all oil shipments through the channel if Washington goes ahead with sanctions against Iranian oil exports.

The strait is the most important oil transit channel in the world, with about a fifth of all oil consumed globally passing through on tankers every day, Reuters reports.

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