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Tuesday, March 27, 2007


The Tonkin Persian Gulf

Nothing to see here. Move along.
The U.S. Navy on Tuesday said it had no information to substantiate a market rumor that Iran had fired at a U.S. naval vessel in the Gulf.

"Navy has nothing to substantiate that report right now," a Navy official said. "At this juncture, there is no validity to it."

"We have no information at this time that indicates any incident taking place," said White House National Security Council spokesman Gordon Johndroe.

NYMEX crude oil futures shot up more than $5 to trade above $68 a barrel on rumors about Iran, traders said.
Wouldn't you love to know where that rumor came from?

While we're on the subject, anyone want to lay bets that a single reporter for the corporate media, or a single member of the U.S. Congress (other than perhaps Dennis Kucinich or Ron Paul) will ask for proof should the U.S. claim that such an incident did happen?

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