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Strait Jacket: Iran to 'definitely' close Hormuz if EU bans oil

The EU (no doubt pressured by the Neocon/Israeli led US policy) has officially declares sanctions against Iran for reasons publicly stated as a means of halting Iran's alleged nuclear development program. The sanctions include the blocking of oil and GOLD trade with Iran. RT interviews James Corbett and they discuss the numbers, implications, and some possible results from this action.

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