Iran, with its back to the wall as sanctions bite harder (especially the recent SWIFT and central bank restrictions, and Europe?s decision to stop importing Iranian oil), could react by increasing tensions in the Gulf. Eventually, it could easily sink a few ships to block the Strait of Hormuz, or unleash its proxies in the region, which include pro-Iranian Shiite forces in Iraq, Bahrain, Kuwait, and Saudi Arabia, Hezbollah in Lebanon, and Hamas and Islamic Jihad in Gaza.
Source: http://feeds.slate.com/click.phdo?i=f203222f9a123e8e7de8f1d8e46ce53f
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