"Iran warned the United States Tuesday not to return a U.S. aircraft carrier "to the Persian Gulf region."

U.S. officials rejected the "warning" and another recent threat from Tehran that it could close the Strait of Hormuz. The White House and U.S. State Department called the latest threats signs that sanctions against Iran, the result of a standoff over its nuclear activities, are working."

Oil has shot up $3.00 to $102 on the news. The saber rattling is increasing and neither country shows any signs of backing down. -- MCR

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