It sounds like war drums. Tehran says it will execute an alleged US spy and threatens to block the Strait of Hormuz. GOP presidential candidates talk of regime change and military strikes, and Obama is not cowed by Iran. But wars do not often turn out as envisioned.
Crude oil prices surged after Iran dialed the threat-o-meter up to 11 with a vow to attack a US aircraft carrier if it returns to the Strait of Hormuz. The US 5th Fleet is likely to take up the challenge.
In this special section, we look at the year’s biggest stories, and seven staff correspondents reflect on events in hot spots from Latin America to the Libyan front.