Iran threats to US rattle oil markets

Iran escalated its war of words with the United States with a warning to Navy ships to stay out of the strategic Strait of Hormuz, remarks that rattled commodities markets and helped send oil prices soaring. The latest in a series of provocative statements by Iranian leaders was delivered by the Iranian armed forces commander, General Ataollah Salehi, who appeared to threaten a US aircraft carrier that steamed out of Persian Gulf waters last week.

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