Iran has repeatedly threatened to block the Strait of Hormuz, the narrow waterway through which nearly one-fifth of the world's oil is shipped.
Lake Onega unites the canal with the Volga-Baltic Waterway, through which ships can reach the Baltic Sea and the Volga River itself.
China has also blamed the US for stirring up trouble in the South China Sea, a vital waterway through which more than $5tn of trade moves annually.
The country also sits alongside the Strait of Hormuz, the 33-mile wide waterway through which oil from the Persian Gulf makes its way to market.
Just a few years ago, piracy was out of control in the Malacca Strait, the waterway through which 80percentt of crude oil to Japan and China is shipped.
These tensions have come to a head over the South China Sea, the strategic waterway through which much of the world's oil passes.
Fujairah is the only one of the U.A.E.'s seven sheikdoms located outside the eastern entrance to the Strait of Hormuz, a slim waterway through which one-fifth of the world's oil supplies from places like Saudi Arabia and Kuwait are exported.
The exercise was conducted in the Strait of Hormuz, a strategic waterway through which many of the world's oil and cargo shipments pass, as well as in the Gulf of Oman, the Gulf of Aden and the northern Indian Ocean, IRNA reported.
The US and its allies regularly stage naval exercises in the Gulf, saying they want to ensure freedom of navigation in the waterway through which 40% of the world's seaborne oil exports passes.
China insists it has sovereign rights to nearly all of the South China Sea, a strategic waterway through which about a third of all the world's traded oil passes.
The report also warns of a gathering storm in the South China Sea, where Trump has accused Beijing of building "a massive fortress" in order to tighten its grip over the strategic waterway through which $4.5tn£3.4tntn) in trade passes each year.
