Complex Made Simple

Iran will close Hormuz access if ‘serious trouble’ develops

Iranian armed forces chief of staff Gen. Hassan Firouzabadi has said his country will close the strategic Strait of Hormuz at the entrance to the oil-rich Gulf only if its crude revenues are seriously threatened, AFP has reported. "We have plans to close the Strait of Hormuz because military commanders must have plans for any situation," he said. "But Iran, acting rationally, will not close the corridor through which 40% of the world's energy passes, unless its interests are in serious trouble," he said, referring to the country's crucial crude revenues.