War Games Mask Worries at Home
1 | IRAN
An increasingly isolated Islamic Republic conducted a 10-day naval exercise near the strategic Strait of Hormuz, a pivotal sea lane linking the Persian Gulf to the rest of the world. The Iranians tested a new naval cruise missile and used the occasion to issue a number of bellicose statements, warning the West, specifically the U.S., against meddling in Iranian waters and boasting of Iran's ability to seal off the strait--an act that would wreak havoc on global oil markets. Hobbled by a new round of international sanctions aimed at curbing its nuclear...