Confusion Looms As Iran Claims Control Over Key Oil Waterway

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Reuters headline early Monday sparked fears that Iran could be in control of the Strait of Hormuz, a key narrow waterway in the Persian Gulf through which about one-third of the global supply of oil passes.

Reuters reported in its story headline, Iran says it has full control of Gulf and U.S. navy does not belong therewhile citing the head of the navy of Iran’s Revolutionary Guards (IRGC), General Alireza Tangsiri. Continue reading