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Detailed text transcripts for TV channel - FOXNEWS - 20111229:14:46:00

Nations ambassador john bolton. ambassador, always good to see you. do the air rain was -- iranians have the ability to seal off the waterway or is it merely bluster and rhetoric? >> it is bluster in the context of the nuclear weapons program and prospect of israeli military strike. the iranian navy could close the straits for a very brief period of time but our navy planned for this contingency for a long time and really the closure would be very minimal and iran would suffer enorm husband mili...
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