Iran test fired nine long- and medium-range missiles, including one which
it has previously said could reach Israel and U.S. bases in the region,
Iranian state media said.

QOM, IRAN (JULY 9, 2008) REUTERS -
Iran test fired nine long- and medium-range missiles on Wednesday
(July 9), state media said, including one which it has said could reach Israel
and U.S. bases in the region. 
    The tests occurred at a time of increased tension between Iran and
Israel over Tehran's nuclear programme, which the West fears is aimed at
making bombs. Iran, the world's fourth-largest oil exporter, says its
programme is only for electricity. 
    The United States on Wednesday said Iran should immediately stop
development of ballistic missiles and refrain from further missile tests. 
     Iran should "refrain from further missile tests if they truly
seek to gain the trust of the world," White House spokesman Gordon
Johndroe said in Japan where U.S. President George W. Bush has attended the
Group of Eight (G8) summit. 
    "The Iranians should stop the development of ballistic missiles,
which could be used as a delivery vehicle for a potential nuclear weapon,
immediately," he said. 
     News of Iran's missile test came a day after the G8 expressed serious
concern at the proliferation risks posed by Iran's nuclear programme and urged
Tehran to suspend all uranium enrichment related activities. 
    The White House said Iran's development of ballistic missiles was in
violation of U.N. Security Council resolutions but that the United States was
committed to pursuing a diplomatic solution to Iran's nuclear ambitions. 
    The U.S. dollar weakened on Wednesday and U.S. treasuries trimmed their
losses over news of the missile tests.