U.S. steps up sanctions; Iran floats nuclear talks - msnbc.com
 

01-01-12 03:19 AM

In the past, Iran has threatened to close the waterway only if attacked by the United States and Israel. The U.S. Fifth Fleet, based in Bahrain, said it would not allow shipping to be disrupted in a waterway through which 40 percent of the world's oil passes.

Source...