An Iranian war-boat fires a missile during the 'Velayat-90' navy exercises in the Strait of Hormuz in southern Iran on December 30, 2011. Iran, which has been carrying out war games in the Strait of Hormuz over the past week, has said that 'not a drop of oil' would pass through the strait if Western governments follow through with planned additional sanctions over its nuclear programme. AFP PHOTO/IIPA/ALI MOHAMMADI (Photo credit should read ALI MOHAMMADI/AFP/Getty Images)
Faced with tough U.S. oil sanctions, Iran is playing one of the only cards it has and reminding the world that it could bring maritime oil trade to a halt....
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