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This is a show of force by Iran. Obviously the Iranian navy doesn't come anywhere close to being a real military threat to the US Navy.
But that's not the point. Cruising their ships over to the Eastern Seaboard means that Iranian vessels are capable of extended operations.
Not really a CONUS threat, however if Iran decided to park some of their ships in the Gulf of Oman or the Suez Canal, it could certainly restrict and disrupt the movement of a lot of cargo...
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