28/12/12 17:01 CET
| updated xx mn ago
| updated at xx
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.
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