Iran doesn't need to "close" the straits. All they need to do is whack a couple of tankers to raise the risk, and the cost of oil will go sky high. They could also use medium range missiles with conventional warheads to disrupt transfer facilities and ports, e.g., Ras Tanura. Even the threat of attack will have major impact on oil prices.
Iran doesn't need to "close" the straits. All they need to do is whack a couple of tankers to raise the risk, and the cost of oil will go sky high. They could also use medium range missiles with conventional warheads to disrupt transfer facilities and ports, e.g., Ras Tanura. Even the threat of attack will have major impact on oil prices.