Iranian President Mahmoud Ahmadinejad said that the United States would not block any restrictions on sanctions on Iranian oil exports.
Hormuz Strait is the gateway to the Gulf Sea and serves as a crude oil export route for major oil producing countries such as Saudi Arabia, Kuwait and the United Arab Emirates, accounting for one third of the world's crude oil transportation.
Iran has not blocked the Straits of Hormuz yet, but it is a general prospect that if this strait is blocked, the price of crude oil will rise to $ 200 per barrel.
Iran's "crude oil road" Hormuz Strait blockade "... Beauty
2019-04-22T22:21:48.936Z
Iranian President Mahmoud Ahmadinejad said that the United States would not block any restrictions on sanctions on Iranian oil exports. Hormuz Strait is the gateway to the Gulf Sea and serves as a crude oil export route for major oil producing countries such as Saudi Arabia, Kuwait and the United Arab Emirates, accounting for one third of the world's crude oil transportation.
Source: sbskr