When Zer0 gets back from vacation the ‘not tolerated’ remark will be revised into ‘we’ll discuss it’.
"Not tolerated" is a tactical bluster-blunder in this asymmetric setting, imo.
Send them a strongly worded cruise missile?
If shutting the Strait down is "not tolerated" that implies that Iran has the capability, and is allowed to have that capability.
What he's actually saying is that once Iran demonstrates belligerence, we will begin the military process of trying to play cat and mouse with a bunch of hidden anti-ship assets while the insurance companies and oil tanker lines suspend operations and send markets into a spin.
Meanwhile, we will start the political shenanigans at home with the political whirlwind in full swing with Ron Paul getting lots of "discussion" air time and Obama looking like the strong wartime President who's killing bin laden again.
We'll discuss it indeed.