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Asia Top News and Analysis Iran

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  • UPDATE: False Rumor Sparks Bond Sell-Off Thursday, 18 Jan 2007 | 11:39 AM ET

    Where there's international tension and headlines, there's sometimes fire...and sometimes not. Traders were quick to jump on rumors of an Iranian naval engagement just before 9 a.m. ET today. The rumor carried some pretty graphic details about a U.S. Navy ship being hit by an Iranian anti-ship missile in the Persian Gulf.