In the stand-off over the crucial oil lane in the Persian Gulf, Iran’s navy drill is to culminate with the launch of long-range missiles. The US says its warships, which crossed the Strait of Hormuz on Thursday, are heading to the Arabian Sea. Iran’s long-range missile systems, including the Shabab-3, cover a distance of over 2,000 kilometers (1,200 miles) and thus could reach Israel and US bases...