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Tuesday, 3 January 2012

Iran threatens U.S. Navy as sanctions hit economy

Oil markets are tense after Iran gave a "last warning" to US Navy not approach the Straight of Hormuz - a narrow shipping lane through which flows 40 percent of the world's oil trade - a potential conflict that will sink the Euro.


http://www.reuters.com/article/2012/01/03/us-iran-usa-idUSTRE80208P20120103

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