World Powers Threaten Penalties for Iran

New Penalties now threaten Iran by the major world powers. They agreed to seek new sanctions against Iran over its nuclear program. Iran didn't respond to an offer aimed at getting it to halt nuclear activity. I feel their leader is a loose canon and we had better be very careful how we handle Iran. Monday, two days after the deadline expired, Iran announced it has tested a new weapon capable of sinking ships 200 miles away. This is not good. Tehran made threats to close a strategic waterway at the mouth of the Persian gulf if attacked. Did you know that up to 40 percent of the world's oil passes through the Strait of Hormuz. This is a narrow passage along Iran's southern coast.