Persian Gulf red line for US: Panetta
Iran has warned that if its national interests are jeopardized, the Islamic Republic will not hesitate in closing the Strait of Hormuz. The strategic oil passage between Iran and Oman connects the Persian Gulf with the Sea of Oman. - US Defense Secretary Leon Panetta [responded, saying] any disruption in maritime transportation in the Persian Gulf would be crossing a red line for Washington. Referring to allegations made against Iran in the latest report by the International Atomic Energy Agency, Panetta described Iran as a “very grave threat to all of us.” The remarks come as the US plans to spend USD 700 billion on upgrading and modernizing its nuclear weapons program, and has announced that it will not destroy its stockpile of chemical weapons before the final deadline required by the Chemical Weapons Convention in 2012.