Iran threatens to shut Straits of Hormuz with military manoeuvre: "Iran is threatening to close off the world's most important oil shipping lane as tensions between it and the West mount following the capture of an unmanned American spy plane.
Parviz Sarvari, a member of the Iranian parliament's National Security Committee, said his country was preparing to close off the crucial Strait of Hormuz as part of a military exercise.
Around a third of all shipped oil passes through the four mile-wide Strait between Oman and Iran and U.S. warships patrol the area to ensure safe passage."
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