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Tuesday, January 3, 2012

Iran locks horn with US over withdrawing Navy fleets

Only a day after Iran’s successful testing of its nuclear fuel rods, fresh tension brewed in the Gulf as Iran warns United States to pull out its Navy fleet from the Persian Gulf or face consequences. The veiled threat came on Tuesday from Iran’s military commander Major General Ataollah Salehi after the conclusion of Iran's naval parade near the Strait of Hormuz. Salehi was referring to a U.S. Aircraft carrier which had been moved last week from the Persian Gulf to the Gulf of Oman on account of its naval drill.

The United States has refused to budge from the Strait of Hormuz citing its commitment towards the safety of international maritime traffic. The Strait of Hormuz serves as the world’s largest and busiest waterway for international oil trade. If this strategic route is closed, this would have severe negative impact on global oil supply and shoot up oil prices throughout the world.

Isolation from the global community and four economic sanctions by the United Nations have already taken a heavy toll on Iran’s economy. Tuesday saw Iran’s currency, rial, hitting a record low as a new round of international sanction became a possibility. At one time, news came in that the government of Iran may stop trading relations with UAE (the United Arab Emirates) for aligning with the United States, which was later denied by the government of Iran. The question is could Iran ever be able to end the deadlock with the world community or is it destined to remain isolated from the rest of the world?

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