Iran vowed Thursday to conduct live-fire military drills in one of the world’s most vital sea passages — which sees 20% of the globe’s oil transports — next week, just two days after the US announced it would hold its own military exercises in the region. 4 Iran warned that its forces would be conducting “naval shooting” exercises in the coming days. via REUTERS4 Iran expected to put on a show of force to counter America’s growing military assets in the Middle East. The dates and locations of the US military drills have not been made public, and it remains unclear whether they will coincide with exercises by Iran. Trump said Wednesday that even more military assets are enroute to the region as he demanded Iran agree to negotiate a “fair and equitable deal” regarding its nuclear program.