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Iran wound down its 10 day naval exercises today with the successful test of a medium range missile, and a warning for the U.S. not to send any aircraft carriers back into the Persian Gulf.Fars news agency reported that Ataollah Salehi said “We usually don’t repeat our warning, and we warn only once. We recommend and emphasise to the American carrier not to return to the Persian Gulf.” (via Bloomberg)
Iran says it will block the Strait of Hormuz, and the passage of a third of the world’s tanker-delivered oil, if sanctions against it are imposed.
President Obama signed these sanctions into law on Saturday, which sent the Iranian riyal down drastically and sent Iranians scrambling to banks to change their savings into dollars.
The sanctions have also sent prices on Brent crude up more than $2 Tuesday to $109.69 in European morning trading.
Amid all this, Bloomberg reports that Iranian scientists have successfully created the nation’s first nuclear fuel rod.
While many in the West doubted Tehran had the engineering skills necessary to pull the feat off, the country’s atomic energy commission said the rod had been placed inside the core of Iran’s nuclear reactor.
Below is the video of the test launch of Iran’s Qader missile (via The Telegraph).
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