This preview shows page 1. Sign up to view the full content.
Unformatted text preview: talks fail.For the Iranians ,
this means blocking the Strait of Hormuz, the narrow channel through which one-third of the world’s tradable oil
passes every day. The U.S., for its part, has insisted that it will keep the Strait open and, if necessary, eliminate Iranian
nuclear capabilities. Whether to intimidate Iran, prepare for the real thing, or possibly both, the U.S. has been building up its
military capabilities in the Persian Gulf area, deploying two aircraft carrier battle groups in the neighborhood along with an assortment of air and amphibious-assault capabilities .One can debate the extent to which Washington’s long-running feud with Iran is
driven by oil, but there is no question that the current crisis bears heavily on global oil supply prospects , both through
Iran’s threats to close the Strait of Hormuz in retaliation for forthcoming sanctions on Iranian oil exports, and the
likelihood that any air strikes on Iranian nuclear facilities will lead to the same thing. Either way, the U.S. military would
undoubtedly assume the lead role in destroying Iranian military cap...
View Full Document