Economics

Iran Might Hurt Self Most by Closing Strait of Hormuz Oil Route

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It would be relatively easy for Iran to make good on its threat to close the strategic waterway that carries oil tankers from the Persian Gulf -- and it would probably hurt itself most by taking such action.

“Iran is as reliant, if not more reliant, on the Strait of Hormuz than any other country,” said Ali Nader of the RAND Corp. research institute in a telephone interview.