The Kuwait Times and Middle East Times are reporting that Kuwait has activated its Emergency War Plan in response to the deployment of two additional U.S. strike groups to the Persian Gulf, the U.S.S. Theodore Roosevelt Carrier Strike Group and the U.S.S. Iwo Jima Expeditionary Strike Group.

The Middle East Times is saying that Kuwait is preparing for a scenario in which hostilities break out in response to a U.S. naval blockade of the Iranian coast.

However, oil prices continue to drop...