Tension is being ratcheted up on Iran by the United States, Israel. And now the
European Union has announced that in principle E.U. countries will not import
Iranian oil. We'll see how significant those measures really turn out to be. The
Iranian navy ran operations in the last couple of weeks to show that they can
block the Strait of Hormuz if they need to. They say if they are attacked, they
will defend themselves. That includes dealing with the stopping of most of the
oil from the Middle East that travels by boat through the Strait of Hormuz.