Economic sanctions imposed on Iran will impact maritime traffic in the Strait of Hormuz, a main oil artery, an Iranian naval commander said Tuesday. “The cruel sanctions being imposed on Iran will affect Strait of Hormuz functions,” Rear-Admiral Hossein Khanzadi was quoted by the official Islamic Republic News Agency as saying. The waterway between Iran and Oman is among the world’s most heavily trafficked oil arteries, hosting about 35 percent of all of the world’s oil moving by sea, or nearly 20 percent of the global trade in oil. Iran has said that if its oil exports are isolated by U.S. sanctions that go into force in November, it would ensure that nobody’s […]