Iran has concluded yet another military exercise to deter a military attack amid a massive Iran-centred military build-up by American and Israeli forces, whose command posts extend into the heart of Europe.
Iran has threatened to block the Strait of Hormuz, and disrupt energy supplies to international oil markets, in case the Americans throttle Iran's oil exports — the country's vital economic lifeline.
The U.S. has already passed a law that can curb Iran's international energy exports; a move that the 27-nation European Union (EU) is likely to endorse during the bloc's crucial meeting on January 23.
Oil rose to $113 a barrel after it was confirmed that Iran was carrying out 20 per cent enrichment of uranium in Fardo, notwithstanding Iran's submission of the facility, near Qom, to surveillance by the IAEA.
