Iran is striking back at countries that have imposed sanctions with military and economic threats and may soon be willing to launch attacks on the United States, as James Clapper, the Director of National Inteligence , told Congress this week.
European countries are likely to be the first targets of economic reprisals given Iran’s announcement that it will cut off oil exports to Europe ahead of the EU embargo taking effect. Also, several large multinational corporations that do business in Iran could be expelled because of support of sanctions by their home countries. They include Royal Dutch Shell (London: RDSA) as well as Japanese and South Korean companies such as Mazda, Kia, and Samsung.
Click HERE to read the exclusive report on possible Iranian retaliation in the next year – from closing the Strait of Hormuz to launching air strikes – and the likelihood of each, at LIGNET.com.
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| The Iranian navy conducts naval war games in the Strait of Hormuz on Jan. 1. (AFP/Getty Images) |
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