Wednesday, April 04, 2007

Iran to release British sailors

After a 13 day standoff with Britain, Iran has agreed to turn over 15 British sailors. Iran claimed that the British sailors had entered into territory that is in Iran. Some experts believed that this was a trap by Iran to gain concessions. Iran claims that they were in Iranian territory. However the British said that according to their maps they were in Iraq territory. Iran currently has a dispute with the UN regarding its nuclear program. The price of oil dropped on the news.
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