Skip to main content

Breaking News
  • Europe Air Safety Agency will shortly lift recommendation to avoid flying to Tel Aviv, said the spokesman (Reuters)
  • Missing Air Algerie plane is Airbus A320 carrying 110 passengers to Algiers – Algerian Official
  • Air Algerie says it has lost contact with a plane leaving from Ouagadougou, Burkina Faso
  • European Central Bank says its website hacked, some email addresses and other contact information stolen but no market sensitive data affected
  • European Court of Human Rights rules Poland violated European Convention on Human Rights by allowing CIA to detain two al Qaeda suspects on Polish territory
|

Iran has begun six days of naval drills in one of the world’s most important oil trade routes.

The military exercises taking place in the Strait of Hormuz are meant to demonstrate Iran’s capability to defend itself and send a message of peace and friendship to neighbouring countries, according to an Iranian naval commander.

About 40 percent of the world’s oil-tanker trade and 16 million barrels a day go through the Strait of Hormuz, which links the numerous oil producing countries of the Gulf to the outside world.

Tehran has, in the past, threatened to close the Strait when faced with more sanctions from the West over Iran’s controversial nuclear programme.

These threats have also affected the global price of crude oil.

Copyright © 2014 euronews

More about:
|

Log in
Please enter your login details