Navy: nothing to substantiate Iran market rumor

The U.S. Navy on Tuesday said it had no information to substantiate a market rumor that Iran had fired at a U.S. naval vessel in the Gulf.

"Navy has nothing to substantiate that report right now," a Navy official said. "At this juncture, there is no validity to it."

"We have no information at this time that indicates any incident taking place," said White House National Security Council spokesman Gordon Johndroe.

NYMEX crude oil futures shot up more than $5 to trade above $68 a barrel on rumors about Iran, traders said.

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