@jolyonIf the enemy's will is that we cannot export oil from the Persian Gulf, no one will be able to export oil. That is the stark warning issued by Iranian Parliament Speaker Ghalibaf regarding a potential U.S. blockade on crude sales. The speaker indicated that increased pressure could provoke a military response resulting in widespread suffering, stating plainly: "Everyone will suffer." Beyond the immediate threat to shipping lanes, Ghalibaf declared that Iran will not fully reopen the Strait of Hormuz until Washington fulfills commitments allegedly made under a specific memorandum. The message carries a bluntness often compared to an anti-ship missile, suggesting that any attempt to stop Tehran's exports would effectively halt all Gulf oil for everyone involved. Source: FT / Writer: Oliver

@jolyonIf the enemy's will is that we cannot export oil from the Persian Gulf, no one will be able to export oil. That is the stark warning issued by Iranian Parliament Speaker Ghalibaf regarding a potential U.S. blockade on crude sales. The speaker indicated that increased pressure could provoke a military response resulting in widespread suffering, stating plainly: "Everyone will suffer." Beyond the immediate threat to shipping lanes, Ghalibaf declared that Iran will not fully reopen the Strait of Hormuz until Washington fulfills commitments allegedly made under a specific memorandum. The message carries a bluntness often compared to an anti-ship missile, suggesting that any attempt to stop Tehran's exports would effectively halt all Gulf oil for everyone involved. Source: FT / Writer: Oliver