Dire straits?: Iran has threatened to close Hormuz gap in response to sanctions
Screws tighten on Iran
05 January 2012 08:53 GMT
Iran spat pushes up crude
06 January 2012 01:21 GMT
Oil up as Iran tension continues
06 January 2012 10:24 GMT
By News Wires
06 January 2012 21:46 GMT
Western powers this week readied a contingency plan to tap a record volume from emergency stockpiles to replace nearly all the Gulf oil that would be lost if Iran blocks the Strait of Hormuz, industry sources and diplomats said Friday.
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