Tuesday, March 27, 2007

Iran Did Not Fire at US Warship

The US military denied reports today that Iran fired a missile at a US ship in the Persian Gulf.

The rumors of an attack had sent oil prices soaring, but a spokesman for the US Navy 5th Fleet said the rumors were untrue. Crude oil futures had jumped nearly eight percent this afternoon in a matter of minutes, topping $68.00 as rumors of a military confrontation in the Persian Gulf spurred panic buying.

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