Iranian Missile Hits Diplomatic Nerve

Iran test fired a new missile today that can deliver a 1-ton warhead on Israel or U.S. bases in the region, hitting a nerve in the tense Middle East as well as in nervous oil markets. The televised firing of Iran's new Shahab 3 missile, which Iran says can travel 1,250 miles, was a blatant warning that it can retaliate against Israel and the United States if it is attacked. Israel and Iran have been engaged in an escalating war of words, with Iranian President Mahmoud Ahmadinejad saying Israel...Full Story
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