Iran’s Empty Threat to Close The Most Important Oil Shipping Lane

• Speculation over Iran blocking the Strait of Hormuz, a critical oil chokepoint, has resurfaced amid Middle East tensions.

• The U.S. and European naval presence in the Persian Gulf could quickly counter any blockade attempt, which would disrupt over 21 million barrels per day of oil flow.

• President Donald Trump is widely expected to re-impose the “maximum p…