AP: Wall Street fluctuated Monday after the Bush administration warned Iran following an incident involving that country’s forces and three U.S. Navy ships in the Strait of Hormuz.

AFP: At least eight people froze to death in the heaviest snowfalls to have hit Iran in years, with several areas brought to a virtual standstill and 20 towns suffering cuts in gas supplies, officials said on Tuesday.

AFP: Iran on Tuesday rejected US charges that its naval forces threatened to blow up American ships in the Strait of Hormuz, amid renewed tensions ahead of US President George W. Bush’s visit to the region.

AP: Treasury prices rallied Monday, capitalizing on concerns about U.S.-Iranian tensions and a slowing economy.

Reuters: Turkish Prime Minister Tayyip Erdogan will ask Iranian President Mahmoud Ahmadinejad to restore the flow of natural gas to Turkey after it was cut off this week, he was quoted as saying on Tuesday.

BBC: US Secretary of State Condoleezza Rice has described the actions of Iranian vessels which confronted the US Navy as provocative and dangerous.

Reuters: Iran on Monday confirmed there was an “incident” between Iranian and U.S. ships but gave no details, an Iranian news agency reported, after Washington said Iranian vessels threatened their ships in the Strait of Hormuz.

Reuters: Iran’s president proposed a bigger budget for 2008-09 to parliament on Monday that he said would promote social equality but critics fear will further stoke double-digit inflation in OPEC’s second biggest producer.

Reuters: Five Iranian boats made aggressive maneuvers and showed hostile intent against three U.S. Navy ships at the weekend in the Strait of Hormuz, a major oil shipping route in the Gulf, the Pentagon said on Monday.