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Obama: Economic recovery speeding up
ARLINGTON, Va. (AP) -- President Barack Obama says the economy is growing stronger and the economic recovery is speeding up.
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INTERNATIONAL NEWS
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February 04, 2012 07:28 GMT
Iran begins naval exercises near Gulf strait Eds: APNewsNow. Updates with announcement of naval exercises; changes headlines.
TEHRAN, Iran (AP) -- Iran says its powerful Revolutionary Guard is starting naval exercises near the Strait of Hormuz, the critical Gulf oil tanker route that Tehran has threatened to close in retaliation for tougher Western sanctions.
Iranian state media said Saturday the warships will conduct a month of maneuvers. Western navies, meanwhile, have boosted their presence in the Gulf led by the American aircraft carrier USS Abraham Lincoln.
Iran has made no attempts to disrupt shipping through the strait, the route for one-fifth the world's crude oil. The U.S. and allies have said they would respond to any blockade.
The Iranian war games follow stern warnings by Iran's Supreme Leader, Ayatollah Ali Khamenei, about any possible U.S. or Israeli attacks against Tehran's nuclear facilities.
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