Thursday, January 12, 2012

Is Iran still defiant?



It was a show of might that could serve to test the West's patience. Iran said it has successfully test-fired two long-range missiles during military exercises in the Gulf.

Just a day earlier, Barack Obama, the US president, signed a law imposing tougher financial sanctions to penalise Iran for its nuclear research programme.

Iran responded by threatening to halt oil shipments through the Strait of Hormuz – a narrow shipping passage through which one-sixth of the world's oil supply passes – a move the US has made clear it will "not tolerate". Read More