Iranian Navy vessel fires a Mehrab missile during the "Velayat-90" naval war games in the Strait of Hormuz in southern Iran on January 1, 2012. Commander of Iran’s naval forces Rear Admiral Habibollah Sayyari says the Islamic Republic possesses the know-how for manufacturing aircraft carriers. “Considering the existing capabilities of the young experts in the Naval Forces and the... 

An Iranian navy vessel launches a missile during the Velayat 90 drills at the sea of Oman, on Sunday, Jan. 1, 2012. A senior Iranian lawmaker says the country will not allow any oil to reach the “war engines of Iran’s enemies” through the Strait of Hormuz if its oil is subjected to sanctions. “Iran will never allow the Strait [of Hormuz] to be used against it and for the benefit of its... 

Iran's Navy is currently conducting 10-day Velayat 90 naval drills in the vicinity of the Strait of Hormuz. The Chinese foreign ministry spokesman says his country hopes that stability will continue in the strategic Strait of Hormuz and no action will be taken to destabilize this international waterway. Speaking to reporters on Friday, Hung Lei said Chinese public opinion is very sensitive about... 

The Bahrain-based US Fifth Fleet says it will not “tolerate” any disruption in the Strait of Hormuz after Iran announced its forces are capable of closing the route if necessary. “[The fleet] maintains a robust presence in the region to deter or counter destabilizing activities,” a spokesperson for the fleet said on Wednesday. “The free flow of goods and services through the... 

Iranian Navy Commander Rear Admiral Habibollah Sayyari on Thursday announced the upcoming launch of 10-day massive naval exercises in the international waters, the local satellite Press TV reported. Sayyari said at a press conference on Thursday that the naval maneuvers dubbed Velayat 90 will start on Saturday and will cover an area of 2,000 (1,250-mile) km stretching from the east of the Strait of...