Iran will block the world’s most important chokepoint for global oil trade, the Strait of Hormuz, if Tehran is barred from using it to export its oil, Navy Rear Admiral Alireza Tangsiri, Commander of the Islamic Revolution Guards Corps (IRGC), said on Monday, just as the U.S. announced that it would not be extending any waivers to Iranian oil customers. “According to international law, the Strait of Hormuz is a marine passageway and if we are barred from using it, we will shut it down. In case of any threat, we will have not even an iota of doubt to protect and defend the Iranian waters. We will defend our prestige and embark on reciprocal acts when it comes to defending Iran’s right,” Iranian Fars news agency quoted Tangsiri as saying in an interview with Arabic-language al-Alam news channel on Monday. U.S. Secretary of State Mike Pompeo tweeted early […]