January 10, 2008 2:59 AM EST Threat Assessment Regarding US Ships in the Persian Gulf Last weekend’s incident involving Iranian fast boats and US naval ships underscores the volatile nature of the Persian Gulf. During the incident, a US naval convoy was approached by five fast boats operated by Iran’s Islamic Revolutionary Guard (IRG). The Iranian boats came within 200 meters of convoy and issued threats indicating that they were conducting a suicide attack of some sort. The Iranian boats then turned around and fled the area. The incident occurred in the strategically important Strait of Hormuz, through which 20%...