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Posted AT 11:50 AM EST on 09/07/08

Iran launches missile threat

Associated Press

TEHRAN — Iran test-fired nine long- and medium-range missiles Wednesday during war games that officials said aimed to show the country can retaliate against any U.S. or Israeli attack, state television reported. Oil prices jumped on news of the missile tests, rising US$1.44 to US$137.48 a barrel in electronic trading on the New York Mercantile Exchange.

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