Iran Is Laying Mines in the Strait of Hormuz, U.S. Officials Say
A fifth of the world’s oil passes through the strait, making it a critical choke point in global commerce.
NBC News Correspondents Richard Engel, Raf Sanchez, Christine Romans and Monica Alba discuss the latest escalations in the Middle East as oil prices surge and President Trump weighs options to lower the price of energy. Retired Colonel Steve Warren analyzes the next phase of the war in Iran and shifts in U.S. strategy.
A fifth of the world’s oil passes through the strait, making it a critical choke point in global commerce.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Evelyn Farkas, former US Deputy Assistant Secretary of Defense for Russia, Ukraine and Eurasia during the Obama administration, says she's skeptical Washington can topple Iran's regime and should instead focus on disabling Tehran's ability to…
Iran’s new supreme leader, Mojtaba Khamenei, released his first statement on Thursday, asserting the Strait of Hormuz will remain closed and Tehran will continue attacks on its Persian Gulf neighbors. In a message read on Iranian state television by a news anchor, Khamenei said the “lever of blocking the Strait of Hormuz must definitely continue to…
U.S. victory in Iran hinges on the battle for the Strait of Hormuz, a critical shipping lane for the world's oil supply that Iran has blocked with mines, drones and small attack sea vessels that experts say American and Israeli military will have difficulty eliminating.
US stocks plummeted Thursday as oil prices hit $100 again and Iran’s new supreme leader vowed to keep the Strait of Hormuz blocked – meaning prices could stay higher for longer.
IRGC Deputy Commander Ali Fadavi said on Iranian state broadcaster IRIB, “We have missiles that are launched from underwater, and their speed is 100 meters per second. The post Iran’s Mine Warfare in the Strait of Hormuz appeared first on The Gateway Pundit.
With shipping traffic at a near halt at the Strait of Hormuz, the possibility of prolonged disruption to supplies of oil and other important commodities has grown.The big picture: If the military situation doesn't change soon, it will create a moderate stagflationary drag on the U.S. economy and a substantial one on Europe and East Asia.If oil prices spike…