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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Africa Europe Latin America Middle East North America Iran ships approach Suez, Israel takes "grave view" Reuters - Monday, February 21 Send IM Story Print By Yusri Mohamed ISMAILIA, Egypt - Two Iranian navy vessels were approaching Egypt's Suez Canal Sunday before making the first passage through the waterway since Iran's 1979 revolution and Israel said it took "a grave view" of Tehran's move. Egypt's ruling military council, facing its first diplomatic headache since taking power on February 11, approved the ships' passage through the waterway which is a vital global trading route and major source of revenues for the Egyptian authorities. The two vessels, a frigate and a supply ship, are due to enter the canal Monday. The northbound convoy from the Red Sea to the Mediterranean moves at 6 a.m. . "We can see what an unstable region we live in, an area in which Iran is trying to take advantage of the situation that has arisen and broaden its influence by transferring two warships via the Suez Canal," Israeli Prime Minister Benjamin Netanyahu said in public remarks to his cabinet. "Israel takes a grave view of this Iranian step," he said, adding the Jewish state would need to boost defence spending as a result of Tehran's move and recent regional upheaval. CONCERN OVER TURMOIL Israel has also watched with concern the political turmoil in Egypt, which led to the ousting of President Hosni Mubarak. Although Mubarak's government often criticised Israel, it had been a committed partner to Egypt's 1979 peace treaty. Suez Canal officials said the Iranian ships would pass through the canal Monday and were due to arrive at the southern entrance of the waterway in the Gulf of Suez later on Sunday. The canal officials denied a report on Iran's Arabic language state television channel Al Alam TV that said earlier Sunday that the ships had already passed through the Canal. The military, which has been running Egypt since Mubarak quit on February 11, approved Iran's request to send the ships through the canal. The request was a difficult one for Egypt's interim government. Cairo is an ally of the United States and its relations with Iran have been strained for more than three decades. Last week, the prospect of the Suez crossing was described by Israel's far-right foreign minister, Avigdor Lieberman, as a provocation by Iran. Recommend Send IM Story Print Related Articles Uganda's Museveni cruises to re-election AFP - 1 hour 1 minute ago Thousands join Morocco protest rallies AFP - 2 hours 38 minutes ago Libya death toll tops 100: Human Rights Watch AFP - Monday, February 21 Fresh fighting in Mogadishu as civilian toll rises AFP - Monday, February 21 Karzai says NATO air raids killed 50 civilians AFP - 22 minutes ago News Search Top Stories More Libya fighting amid fears of 'catastrophe' House budget cuts raise spectre of US govt shutdown Baddeley leads, Couples lurks at Riviera golf open Mourinho home joy as Real close gap on Barca Global warming could spur toxic algae, bacteria in seas More Top Stories » ADVERTISEMENT Most Popular Most Viewed Britain's Fergie 'not invited to royal wedding' Mourinho home joy as Real close gap on Barca House budget cuts raise spectre of US govt shutdown Global warming could spur toxic algae, bacteria in seas More Libya fighting amid fears of 'catastrophe' More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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