Ayatollah Mojtaba Khamenei, speaking in a written statement read by a state television anchor as he has since taking over as Iran's supreme leader, struck a defiant tone, insisting the only place Americans belonged in the Persian Gulf is “at the bottom of its waters" and that a “new chapter” was being written in the region's history.
However, his remarks come as Iran's oil industry has begun to be squeezed by a U.S. Navy blockade halting its oil tankers from getting out to sea. Meanwhile, benchmark Brent crude for June delivery reached as much as $126.00 a barrel in trading on Thursday as Iran maintains its chokehold on the Strait of Hormuz, the narrow mouth of the Persian Gulf through which a fifth of all crude oil and natural gas traded passes.
All this is putting additional pressure on the world's economy as Trump likely weighs how to respond.
A recent Iranian proposal would push negotiations on the country's nuclear program to a later date. Trump said one of the major reasons he went to war was to deny Iran the ability to develop nuclear weapons. Iran long has maintained its program is peaceful, though it enriched uranium at near-weapons-grade levels of 60%.
