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Oil may hit $160 amid tension: Kuwait official

Oil prices could soar to as high as $160 a barrel if tension over an Iranian oil embargo persists or in the event of conflict, a top Kuwaiti oil executive said in remarks published on Monday. “If the embargo on Iranian oil persists, or in case of a military move…

U.S. carrier in Gulf after Strait of Hormuz pass

The US aircraft carrier USS Abraham Lincoln has passed through the Strait of Hormuz and is now in the Gulf, the Pentagon said, after Tehran threatened to close the strategic shipping route. “USS Abraham Lincoln … completed a regular and routine transit of the Strait of Hormuz … to conduct…

Panetta: U.S. prepared for Hormuz Strait action

The United States is “fully prepared” for any confrontation with Iran over the strategic Strait of Hormuz, but hopes a dispute would be resolved peacefully, Defense Secretary Leon Panetta said Wednesday. “We obviously always continue to make preparations to be prepared for any contingency, but we are not making any special steps… because we’re fully…

Panetta: U.S. will respond if Iran blocks Strait

WASHINGTON — The United States will respond if Iran tries to close the strategic Strait of Hormuz at the entrance to the Gulf, US Defense Secretary Leon Panetta warned Sunday, saying such a move would cross a “red line.” “We made very clear that the United States will not tolerate…

UK sends new warship to Gulf amid Iran tensions

Britain’s newest warship is heading to the Gulf for its first mission at a time of tensions over Iran’s threat to close the strategic Strait of Hormuz, a key transport route for oil. The Royal Navy’s Type 45 destroyer HMS Daring, which has a “stealth” design to help avoid detection…

Iran to hold new wargames soon in key oil waterway

Iran is to hold fresh military exercises in and around the strategic Strait of Hormuz within weeks, the naval commander of its powerful Revolutionary Guards was quoted as saying on Friday. The manoeuvres are to be held in the Iranian calendar month that runs from January 21 to February 19,…

Iran tests missiles near key oil strait

Iran on Monday tested missiles near the Strait of Hormuz, underlining its threats to close the vital oil-transit waterway as the West prepares to impose more economic sanctions. The launch of two missiles took place on the final day of war games in waters east of the strait at the entrance to the…

Iran defiant as U.S. unleashes new sanctions

Iran defiantly announced on Sunday that it had tested a new missile and made an advance in its nuclear programme after the United States unleashed extra sanctions that sent its currency to a record low. The developments raised the stakes in a budding confrontation between the longtime foes, as concerns mounted…

Iran test fires missile during Hormuz war games

Iran successfully test fired a medium-range surface-to-air missile on Sunday during navy war games taking place near the strategic Strait of Hormuz, a spokesman for the manoeuvres said, according to the official IRNA news agency. “This medium-range surface-to-air missile is equipped with the latest technology to combat radar-evading targets and…

Iran to test-fire missles in the Strait of Hormuz on Saturday

Tehran said it will test-fire missiles in the Strait of Hormuz on Saturday, a move likely to stoke tensions with Washington already running high over Iran’s threats to close the strategic oil waterway if sanctions are enforced. “Shorter- and longer-range, ground-to-sea, surface-to-surface and surface-to-air missiles will be tested on Saturday,”…

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