Tuesday, December 27, 2011

Iran Straight of Hormus update:

A senior Iranian lawmaker says the ongoing Velayat 90 naval drill aim to send a warning to the West that the Strait of Hormuz will be closed if Iran is threatened.
Iran's Navy ordered a helicopter from an unspecified foreign country to leave
the area of maneuvers it is conducting in the Persian Gulf, the semi-official Fars News Agency reported Monday. "The helicopter ignored the first two warnings but left the area after the third and severe warning," Fars quoted Rear Adm. Seyed Mahmoud Musavi, the deputy commander of operations for Iran's Navy, as saying. The incident occurred Sunday, according to Fars. Fars only described the helicopter as belonging to a foreign country outside the Middle East region.
Oil markets: Brent at $108.

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