Tensions with Iran these days are as high as they've been in years, and managing them will be one of the top challenges facing the Obama administration this year. With Iran threatening to block U.S. ships from entering the Persian Gulf, and the United States vowing not to back down, the stage seems to be set for war. And yet, what's happening with Iran right now may be more of an economic confrontation than a military standoff.
Iran issued a threat to a U.S. aircraft carier, today, which further complicates the tense relationship between the two countries. The threat comes just a day after Iran performed naval maneuvers in the Strait of Hormuz.