  Iran: world couldn’t last 24 hours without Persian Gulf oilJanuary 9, 2012 - 11:03 AMT PanARMENIAN.Net - Rear Adm. Ali Fadavi, of Iran's Islamic Revolutionary Guard Corps, said the world could not last 24 hours without Persian Gulf oil, and that Iran is capable of closing the Strait of Hormuz. "Today, out of the 1,300 billion barrels of oil in the world, 800 billion barrels are in the Persian Gulf," Fadavi told Iran's Press TV. Iran threatened in late December to block the strait if sanctions were imposed on its oil exports. France, Britain, and Germany have all proposed such sanctions to punish Iran for lack of cooperation on its nuclear program. The strait is a critical shipping lane, through which 17 million barrels of oil passed per day in 2011, CNN News reported.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Russia provides info about arrested Armenian ex-MP  Russian law enforcement agencies have provided information about the arrest of Tigran Urikhanyan.Lemkin Institue slams Pashinyan's “cryptic engagement with Genocide denial” The Lemkin Institute is alarmed over Pashinyan’s statements “questioning Armenia's legal basis to pursue justice against Turkey”.41 detained as antigovernment protests continue in Yerevan 41 people were detained in Yerevan as people demanding Pashinian’s resignation stage campaigns of civil disobedience.Armenia votes for UN resolution granting Palestine new rights The U.N. General Assembly voted by a wide margin on May 10 to grant new “rights and privileges” to Palestine. |
