An annual report issued this week on Iranian military power by the U.S. Department of Defense concludes that Iran has been making considerable strides in improving the accuracy of its long-range missiles . . . according to the report, there has been no change to Iran’s strategies over the last year and Tehran is still focused on challenging U.S. influence while developing domestic capabilities to become the dominant player in the Middle East . . . the report concludes that Iran could flight-test an intercontinental ballistic missile (ICBM) before 2016 and can now fire multiple missiles within second, creating a challenge for US and Israeli missile defense . . . Iran's Shahab-3 missile can hit targets throughout the Middle East and the report says this missile’s range is being extended . . . this report shows the growing regional threat by Iran and is certain to further drive tensions . . . it also points to new threats to Israeli security from Iranian missiles.

Click HERE to read an unclassified excerpt of this report obtained by Bloomberg News.