Iran builds navy to hold vital strait: "As tensions with Iran rise again, the Islamic Republic is reported to be expanding its naval power in the oil-rich Gulf and the Arabian Sea to be able to command the chokepoint Strait of Hormuz, the only way in or out of the Gulf.
Closing that strategic waterway to maritime traffic, especially the 15 or so supertankers that sail through it every day delivering the world's oil supplies, would trigger an economic crisis that could cripple the painful efforts to recover from the global financial meltdown of 2008."
