So lemme get this straight.
Iran has threatened to block the Straits of Hormuz, an act which would strangle world oil supply. This is in response to American sanctions on Iran, particularly against institutions doing business with the Iranian Central Bank. US Treasury Secretary, Tim Geithner, is in China seeking support for the sanctions. The EU has decided to embargo all Iranian oil and will put the squeeze on with further sanctions. So the picture’s clear: the intent is to shut down exports of Iranian oil. Transactions for Iran’s oil must go through the central bank in Tehran, pressure is being put on anyone who would do business with it, and much of the world is backing away from buying Iranian oil anyway.
Question: if these moves succeed and Iran’s oil exports dwindle, why wouldn’t Tehran decide then to block the Straits anyway? If they cannot get their own oil to market, then what’s the incentive to not stiff everyone by blocking the route? The Tehran regime is not the kind of regime to take it without retaliation, so is the West actually trying to provoke Iran into retaliating with a blockade?
And another thing: why has it not been widely reported that Leon Panetta, US Secretary of State for Defense (sic), said last weekend that Iran is currently not trying to build a nuclear bomb?: