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Iran Warns Trump Not to Threaten Its Oil Exports

  • Rouhani suggests Iran has export options aside from Hormuz
  • Trump reimposing U.S. sanctions to curb Iranian oil sales
Bloomberg business news
U.S.-Iran Tensions Rise Amid Trump's War of Words With Rouhani
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Iran’s president warned his U.S. counterpart Donald Trump not to threaten the Persian Gulf nation’s oil exports and called for improved relations with its neighbors, including arch-rival Saudi Arabia.

Trump is reimposing sanctions on Iran, which ships most of its oil through the Strait of Hormuz, in an effort to squelch the country’s oil sales. Hormuz, a shipping chokepoint at the mouth of the Gulf, is a conduit for tankers carrying about 30 percent of all seaborne-traded crude oil and other liquids. Other members of the Organization of Petroleum Exporting Countries such as Saudi Arabia and Iraq also export much of their crude through the Strait.