Iran begins war games in Gulf, Strait of Hormuz
Thursday, April 22nd, 2010Iran’s elite Revolutionary Guard on Thursday started large-scale war games in the Persian Gulf and the strategic Strait of Hormuz, state television reported.
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Iran’s elite Revolutionary Guard on Thursday started large-scale war games in the Persian Gulf and the strategic Strait of Hormuz, state television reported.
Iran’s state TV says the country’s elite Revolutionary Guard will begin large scale military maneuvers in the strategic Strait of Hormuz, a move likely to heighten tension at a time when the West is at a deepening standoff with Iran over its nuclear program.
Iran has provided weapons and as much as $200 million a year to help the Lebanese militant group Hezbollah re-arm itself to levels beyond those in 2006, when the group waged a war with Israel, the Pentagon said.
Source: Reuters By Jonathan Lynn GENEVA, Jan 23 (Reuters) - Twenty years of conflict has cost the Middle East $12 trillion, a study showed on Friday. Unless the region’s conflicts are resolved, the costs will …
In the middle of a nationwide economic crisis, gas prices are rising once again. As the conflict in the Middle East escalates, gas prices are rising.
Oil prices hit the the $50 a barrel level on Tuesday amid escalating violence in the Middle East as fighting between Israel and Hamas showed little prospect of ending quickly.
Oil prices soared again Monday - moving closer to the $50 mark - as the movement of Israeli forces into the Gaza Strip this weekend added to worries about Middle East supply disruption.
Oil prices rose Monday following the movement of Israeli forces into the Gaza Strip this weekend, adding to worries about Middle East supply disruption.
Singapore, January 5, 2009 (AFP) - World oil prices rose in Asian trade Monday, fuelled by the ongoing conflict in the Middle East after Israel stepped up its military onslaught on Gaza, analysts said.
Crude prices rose slightly Monday amid a widening conflict between Israel and Palestinian militants, though few believed the fighting would have an impact on the supply of oil from the Middle East.