Iran's new leader vows to keep blocking Strait of Hormuz as oil spikes
What to Know
- In his first statement since being appointed, Supreme Leader Ayatollah Mojtaba Khamenei vowed that Iran would continue to block the Strait of Hormuz and assure citizens that “we will not refrain from avenging the blood of your martyrs.”
- The price of oil surged above $100 a barrel again before dipping as the U.S. and Israel showed no sign of halting their war and Iran escalated its attacks on global shipping and energy infrastructure across the Gulf.
- As the war with Iran entered its 13th day, the financial costs continued to mount. The Pentagon told Congress the first six days alone cost more than $11.3 billion.
- Over a thousand people in Iran and hundreds more throughout the region have been killed. At least seven American soldiers died in retaliatory attacks, with dozens more wounded.
Follow along for live updates.
