K.S. Rajan (30 Dec 2011)
"report by BILL KOENIG"

 IRANIAN SOLDIERS STAND guard on a military speed boat Dec. 28
during naval exercises in the Strait of Hormuz.
(Ali Mohammadi / Agence France-Presse) Iran's navy chief warned Wednesday that his country can easily close the strategic Strait of Hormuz at the mouth of the Persian Gulf, the passageway through which a sixth of the world's oil flows.
It was the second such warning in two days. On Tuesday, Vice President Mohamed Reza Rahimi threatened to close the strait, cutting off oil exports, if the West imposes sanctions on Iran's oil shipments.
"Closing the Strait of Hormuz is very easy for Iranian naval forces," Adm. Habibollah Sayyari told state-run Press TV. "Iran has comprehensive control over the strategic waterway," the navy chief said