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Inside Investor

Iran - Power Play in Strait of Hormuz

Iran - Power Play in Strait of Hormuz

Incident: Iran has test-fired a newly upgraded missile system near the strategic oil and gas Strait of Hormuz in the Persian Gulf. The Raad (Thunder) missile system launches missiles with a 50-kilometer range and the capability of hitting targets at 22,000 meters. The Iranians also successfully tested underwater and surface-to-surface rockets.

Bottom Line: Iran’s nuclear program is…

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