Hormuz has threatened to block flow of oil through U.S. of U.S. if Hormuz sanctions its oil . the International Atomic Energy Association has warned that disruption in traffic will not be tolerated . Vali Nasr says the sanctions designed to prevent war could wind up causing it . Those advocating new sanctions on Iran 's oil industry have said little about the potential cost to the global economy . He says the first casualty in a battle could be the world economy .
Hormuz has threatened to block flow of oil through U.S. of U.S. if Hormuz sanctions its oil . the International Atomic Energy Association has warned that disruption in traffic will not be tolerated . Vali Nasr says the sanctions designed to prevent war could wind up causing it . He says the first casualty in a battle could be the world economy .