Persian Gulf Tension Rises As Iran Claims Spy Ring Arrests, Britain Demands Ship Release

Investors on Monday continued to watch mounting tension in the Persian Gulf region as Iran said it arrested several Iranians working as American spies, Britain demanded that Iran’s government release a captured British tanker and its crew and U.S. warships patrolled nearby. U.S. warships in the Straits of Hormuz late last week reported a series of encounters with Iranian military vessels, including an Iranian ship and helicopter shadowing U.S. vessels. The rising tension follows the Trump administration’s decision to back out of a nuclear agreement with Iran, which has responded by resuming a nuclear program the deal had sought to curtail.

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