Strait Jacket: Iran to 'definitely' close Hormuz if EU bans oil

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EU nations have formally adopted an unprecedented set of sanctions against Tehran - which include a bloc-wide embargo on Iranian oil. The move targets Iran's nuclear program which, the Islamic Republic insists, is for purely peaceful purposes. To discuss the implications of fresh sanctions against Iran, RT talks to James Corbett - editor of independent news website - 'The Corbett Report' which is based in Japan.

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