(S (S (NP (BASENP (DT The) (NNP Islamic) (NNP Republic)) (PP (IN of) (BASENP (NNP Iran)))) (VP (VBZ says) (SBAR (S (BASENP (PRP it)) (VP (VBZ is) (VP (VP (VBG conducting) (BASENP (JJ naval) (NNS drills))) (PP (IN in) (NP (BASENP (DT the) (NNP Strait)) (PP (IN of) (BASENP (NNP Hormuz))))))))))) (PERIOD .))