Iran Test-Fires New Missiles

Iran isn't backing down. The country announced Monday that it successfully test-fired two long-range missiles in the Gulf that could hit Israel and U.S. bases. Yesterday Iran claimed that its scientists had produced the nation's first nuclear fuel rod, a major step forward in the country's nuclear program, and one that came as a surprise to the West. The military drills and nuclear announcements come shortly after Iran warned it could shut the Strait of Hormuz if sanctions were placed on its oil exports.