There is a cold war going on right now with Iran. The US is blacklisting the whole country. Iran sees this as a provocation and may shut down the Straits of Hormuz. And then the US Navy will intervene to reopen it.
See: http://www.guardian.co.uk/world/2012/jan/02/iran-currency-plunges-us-sanction
Iran test-fires long-range missile in naval drill
"The US has slapped sanctions on Iran, targeting its financial sector while the EU is considering an embargo on Iranian oil. But if the West suffocates Iran, it will have no option but to respond in a severe manner, Dr Seyed Mohammad Marandi told RT.
“The problem is that the US is pushing this conflict, this confrontation, in a direction which is becoming dangerous,” said Marandi of the University of Tehran.
--‘Iran opposes US hegemony’
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