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Representatives of the five permanent members of the U.N. Security Council — Britain, China, France, Russia and the United States — and Germany decided in a high-level conference call that Iran's lack of response to an incentives package aimed at getting it to halt sensitive atomic activity left them no option other than to pursue new punitive measures, the Bush administration said Monday..............
Meantime, Iran announced on Monday — two days after the deadline expired — that it has tested a new weapon capable of sinking ships nearly 200 miles away. Tehran reiterated threats to close a strategic waterway at the mouth of the Gulf if attacked. Up to 40 percent of the world's oil passes through the Strait of Hormuz, a narrow passage along Iran's southern coast. Iran has warned it could shut down tanker traffic there if attacked — a move likely to send oil prices skyrocketing.
Meantime, Iran announced on Monday — two days after the deadline expired — that it has tested a new weapon capable of sinking ships nearly 200 miles away. Tehran reiterated threats to close a strategic waterway at the mouth of the Gulf if attacked. Up to 40 percent of the world's oil passes through the Strait of Hormuz, a narrow passage along Iran's southern coast. Iran has warned it could shut down tanker traffic there if attacked — a move likely to send oil prices skyrocketing.