Iran’s foreign ministry reportedly said it would implement countermeasures against the U.S. if it tries to block its oil exports.

“If America wants to take a serious step in this direction it will definitely be met with a reaction and equal countermeasures from Iran,” Foreign Ministry Spokesman Bahram Qassemi was quoted as saying on Tuesday morning by the state news agency IRNA, according to Reuters.


West Texas Intermediate graph

Qassemi didn’t detail what Iran could do but the comment comes as the U.S. presses its allies to stop importing oil from Iran ahead of sanctions that are due to be reinstated on the country in August and November. Iranian President Hassan Rouhani suggested Sunday that Iran could close the Straits of Hormuz, a channel that leads out of the Persian Gulf and through which much of the Middle East’s oil is shipped and exported.

via CNBC

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