Iran’s Supreme Leader Mojtaba Khamenei vowed to maintain control over the Strait of Hormuz on April 30, 2026. This comes amid escalating tensions with the U.S.. Khamenei stated that Tehran would eliminate “the enemies’ abuses of the waterway.”
The situation intensified as the U.S. instituted a naval blockade of Iran’s oil exports. As a result, the Strait of Hormuz remains closed, choking off 20% of the world’s oil and gas supplies. Global energy prices have surged, with Brent crude hitting over $126 per barrel.
Iran threatened to respond with “long and painful strikes” on U.S. positions if attacks are renewed. Reports indicate that Iran’s stockpile includes about 440 kg of uranium enriched to 60 percent, raising concerns about its nuclear program.
The Pentagon revealed that the ongoing war with Iran has cost nearly $25 billion. U.S. President Donald Trump is set to receive a briefing on potential military strikes against Iran.
Khamenei emphasized that foreigners have no place in the region, stating, “Foreigners who come from thousands of kilometers away … have no place there except at the bottom of its waters.” This rhetoric highlights Iran’s determination to assert its authority over vital shipping lanes.
Masoud Pezeshkian, an Iranian official, claimed that any attempt to impose a maritime blockade is contrary to international law and is doomed to fail. The conflict has roots tracing back to U.S.-Israeli strikes on Iran, which ignited tensions in the Middle East.
The international community watches closely as both sides prepare for possible escalation. António Guterres warned that “the longer this vital artery is choked, the harder it will be to reverse the damage.” The implications for global oil markets remain uncertain as developments unfold.