Will Iran Spark its own 4th of July Fireworks?

Iran is planning to close the Strait of Hormuz to oil tankers traveling to countries supporting economic sanctions against the Islamic Republic.

The EU embargo against Iran went into effect on July 1. While theories are that this will not affect Iran too badly, lawmakers in the Islamic Republic are drafting a bill, which would effectively close the Strait of Hormuz to oil tankers delivering to countries supporting the economic sanctions against Iran.

Iranian MP Ibrahim Agha-Mohammadi told reporters, ­”There is a bill prepared in the National Security and Foreign Policy committee of Parliament that stresses the blocking of oil tanker traffic carrying oil to countries that have sanctioned Iran.”

“This bill has been developed as an answer to the European Union’s oil sanctions against the Islamic Republic of Iran,” he added.

According to Agha-Mohammadi by July 1, 100 of Tehran’s 290 members of parliament had signed the bill.

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