Iran Holds Yacht With 5 Uk Nationals (ap)

Iranian Navy soldiers march during an annual military parade which marks Iran's eight-year war with Iraq, in the capital Tehran in September 2009. FCO reports five Britons are being held in Iran after yacht seized in the Persian Gulf. (AFP/File/Atta Kenare)AP – Iran is holding five British sailors after stopping their racing yacht in the Persian Gulf, the British government said Monday. The move could heighten tensions between Iran and major world powers, including Britain, that are demanding a halt to its nuclear program. Oil prices spiked 2 percent to $77.45 a barrel on the New York Mercantile Exchange as the news broke.

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