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Tensions still high between U.S. and Iran over closure of the Strait of Hormuz, a key oil waterway on the Islamic Republic’s border Iran will test fire missiles in the strait as part of ongoing war games in the area The Unites States completed war games of its own on Thursday Oil traded lightly as the world waits for the results of the standoff The row was triggered by increased sanctions on Iran over the development of its nuclear program

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TEHRAN • Iran said it will test-fire missiles in the Strait of Hormuz Saturday, a move likely to stoke tensions with Washington already running high over Tehran’s threats to close the strategic oil waterway if sanctions are enforced.

“Shorter- and longer-range, ground-to-sea, surface-to-surface and surface-to-air missiles will be tested on Saturday,” Commodore Mahmoud Mousavi, Iran’s navy spokesman, said Friday.

Iran, which has been carrying out war games in the Strait of Hormuz over the past week, has said “not a drop of oil” would pass through the strait if Western governments follow through with planned additional sanctions over its nuclear program.

The U.S. State Department said Thursday Iran’s threat to close the waterway, through which more than a third of the world’s tanker-borne oil passes, exhibited “irrational behavior” and “will not be tolerated.”

As global leaders weigh Iran’s threat, U.S. energy officials said more oil passed through the strategically located stretch of water in 2011 than in previous years and that any blockage of chokepoints could lead to “substantial increases” in energy costs.