Saber rattling just in time for the holidays. Iran is launching war games in international waters in the Persian Gulf today. The 10 days of exercises will likely bring warships close to US Navy vessels patrolling beyond the Strait of Hormuz, reports AP. The exercises are intended to display Iran's might, the nation's navy chief boasted on state-run TV today, just as Iran is coming under increasing international pressure not to develop nuclear weapons. (More Iran stories.)