TEHRAN, Iran — Iran is planning new military exercises near the strategic Strait of Hormuz, according to a naval commander, after threatening to close the strait and completing another set of maneuvers.
One sixth of the world’s oil passes through the Strait of Hormuz. Iran’s threat to close the passage if the West imposes sanctions on its own oil exports unsettled an already nervous world oil market.
The semiofficial Fars news agency late Thursday quoted the Iranian
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