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Iran seeks oil transit fee passing Hormuz Strait from US, EU

Politics Materials 15 July 2012 14:51 (UTC +04:00)
An Iranian member of parliament says Iran will close the Strait of Hormuz and have 14 preconditions to re-open that.
Iran seeks oil transit fee passing Hormuz Strait from US, EU

Azerbaijan, Baku, Jul.15/ Trend D.Khatinoglu/

An Iranian member of parliament says Iran will close the Strait of Hormuz and have 14 preconditions to re-open that.

Iranian lawmaker Javad Karimi Ghodousi told Fars News Agency that 150 of 250 MPs have signed a bill to close the Strait of Hormuz and after reaching the signatures to 250, the bill will be submitted to governors board of the parliament for ratification.

According to the bill, Iran would close the Strait of Hormuz and in case of realizing all Iran's 14 preconditions offered to the West, Iran would re-open the strait.

Ghodousi named only two of 14 preconditions, eliminating all of the sanctions against Iran and paying 3 percent of the total value of the west-targeted crude oil passing through the strait and depositing the value to the fund of Iran's Central Bank.

Iran has repeatedly announced that it would block the Strait of Hormuz in case its interests be threaten.

About 16 million barrels of oil are passing through this international waterway in a day.
The U.S. and the European Union imposed tight sanctions targeted Iran's oil export, since last 16 says.

Iran's crude sales almost halved over the past year to 1.1 million barrels per day in July because of new round of western sanctions over Iran.

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