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Iran Revolutionary Guards Threaten to Stop Oil Exports through Strait of Hormuz
(Bloomberg) Arsalan Shahla and Ladane Nasseri - "If Iran's oil exports are to be prevented, we will not give permission for oil to be exported to the world through the Strait of Hormuz," Esmail Kowsari, deputy commander of the Sarollah Revolutionary Guards base in Tehran, has warned. About 30% of all seaborne-traded crude oil passes through the waterway including oil produced by Saudi Arabia, Kuwait, Bahrain, Qatar, and Abu Dhabi.