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By Matt Kibbe
The short-term deal will assure long-term overspending
Independent voices from the The Washington Times Communities
Topic - Habibollah Sayyari
A report on the official Iranian news agency says Iran is planning naval maneuvers in international waters near the strategic Strait of Hormuz, where one-fifth of world oil supply passes.
Iran aims to put its warships in international waters off the U.S. coast "in the next few years," the head of the Iranian navy said Tuesday.
Oil prices jumped to over $101 a barrel Tuesday amid concerns that rising tensions between Western powers and Iran could lead to crude supply disruptions.
Iran test-fired a surface-to-surface cruise missile Monday in a drill its navy chief said proved Tehran was in complete control of the strategic Strait of Hormuz, the passageway for one-sixth of the world's oil supply.
The U.S. warned Iran Wednesday that it will not tolerate any disruption of naval traffic through the Strait of Hormuz, after Iran's navy chief said the Islamic Republic is capable of closing the vital oil route if the West imposes new sanctions targeting Tehran's oil exports.
The leaders of the Islamic Republic of Iran continue to rattle their scimitars, threatening a crisis in the Strait of Hormuz. Bring it on.
The U.S. warned Iran on Wednesday that it will not tolerate any disruption of traffic through the Strait of Hormuz after Iran threatened to choke off the vital Persian Gulf oil transport route if Washington imposes sanctions targeting its crude exports.
Iran's naval chief warned Wednesday that his country easily can close the strategic Strait of Hormuz at the mouth of the Persian Gulf, the passageway through which a sixth of the world's oil flows.
Dozens of opposition activists have been detained in Cuba in the past five weeks, an outlawed rights group said Tuesday, blaming President Raul Castro for the crackdown.
While America focuses on its internal problems and its involvement in three wars and the world focuses on the global economy, Iran is progressing on three dangerous fronts: nuclear weapons, armed missiles and naval capability.
Iran's navy chief Adm. Habibollah Sayyari said the test showed the key oil passageway Strait of Hormuz is "completely under our control."
"We conducted the drill ... to let everybody know that Iran's defense and deterrence powers on the open seas and the Strait of Hormuz are aimed at defending our borders, resources and our nation," Sayyari said.