Fighting back against U.S. and EU threats of further sanctions, Iran announces a large 10-day...

|By:, SA News Editor

Fighting back against U.S. and EU threats of further sanctions, Iran announces a large 10-day naval exercise that will see its warships clogging the Persian Gulf from east of the Strait of Hormuz to the Gulf of Aden. Oil is perky, but back below the $100/barrel it flew through on the announcement. USO +0.4%.