Naval Ships

Iran threatens Strait of Hormuz closure

The Australian Strategic Policy Institute

Iran's Islamic Revolutionary Guard Corps has threatened to close the Strait of Hormuz if the country is unable to export its oil.

The vow follows US President Donald Trump's announcement that all countries importing Iranian oil will be subject to US sanctions.

Exports of Iranian oil have halved since US sanctions took effect last year.

The revolutionary guard was designated as a terrorist organisation by the US earlier this month.