MOSCOW: Iran plans to hold new and "massive" naval exercises near the strategic
Strait of Hormuz within the next few weeks, Fars news agency reported on Friday. The report came as
Tehran's tensions with the West continue to escalate following threats of new sanctions against the Islamic republic over its controversial nuclear programme. The report cited Iranian Defence Minister
Ahmad Vahidi as saying that the
Islamic Revolution Guards Corps was planning to conduct "its greatest
naval war games" near the Strait of Hormuz in the near future. The announcement came just days after the Iranian Navy completed a 10-day naval exercise near the Strait of Hormuz. The drills were held after the Islamic republic threatened to block the waterway, through which an estimated 40 percent of the world's seaborne oil passes, in response to Western plans to ban oil imports from Iran. The Islamic republic derives some 60 percent of its revenues from oil exports. The newly announced Iraninan drills, codenamed
The Great Prophet, may coincide with major naval exercises that
Israel and the US are planning to hold in the
Persian Gulf in the near future.
