• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

2

Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it

3

Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts

1

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

2

Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it

3

Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
PoliticsIran

Iran’s supreme leader vows revenge for killing of his father after Trump threatens to launch thousands of missiles if Tehran tries to assassinate him

By
Jon Gambrell
Jon Gambrell
,
Michelle L. Price
Michelle L. Price
,
Will Weissert
Will Weissert
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Jon Gambrell
Jon Gambrell
,
Michelle L. Price
Michelle L. Price
,
Will Weissert
Will Weissert
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
July 11, 2026, 10:03 AM ET
Mourners carry the coffin of the late Iranian Supreme Leader Ayatollah Ali Khamenei above the crowd for the final prayer before his burial at the Imam Reza Shrine in Mashhad, northeastern Iran, Thursday, July 9, 2026.
Mourners carry the coffin of the late Iranian Supreme Leader Ayatollah Ali Khamenei above the crowd for the final prayer before his burial at the Imam Reza Shrine in Mashhad, northeastern Iran, Thursday, July 9, 2026. Office of the Iranian Supreme Leader via AP
Add Fortune on Google for similar content.

U.S. and Iranian leaders traded further threats on Saturday as the interim deal to end the war buckles under repeated crossfire in the Middle East.

Recommended Video

President Donald Trump upped threats of further missile attacks against Iran in a string of comments on his Truth Social that came after senior U.S. officials demanded that Iran make a public statement saying the Strait of Hormuz is open and that ships crossing the vital corridor won’t be attacked.

Trump also made the comments after the funeral of Supreme Leader Ayatollah Ali Khamenei saw open calls for the U.S. leader’s killing.

Later Saturday, Iranian Supreme Leader Mojtaba Khamenei vowed that Iranians would continue to avenge the killing of his father, Ali Khamenei, who was mourned in funeral events throughout Iran this week. He said in remarks carried by state television that such revenge “is the will of our nation and must certainly be carried out.”

So far, Tehran has not submitted to U.S. demands over the Strait of Hormuz, instead insisting that the route remain under its control and that it be allowed to charge ships moving through it.

There had been multiple days of U.S. airstrikes targeting Iran, as well as Iranian retaliatory fire targeting nations across the Middle East. Those strikes had been sparked by Iran attacking three ships in the strait earlier this week.

On Truth Social on Friday, Trump declared the ceasefire over but said the U.S. would continue negotiations. Iranian Foreign Minister Abbas Araghchi traveled to Oman for more talks on Saturday, a day after Qatari mediators separately traveled to Iran to meet with officials amid the regional strikes.

Trump makes an online threat toward Iran

A thousand “missiles are Locked and Loaded and aimed at the Islamic Republic of Iran, with thousands more to immediately follow, should the Iranian Government act on its threat,” Trump wrote on his website.

The U.S. president said he was responding to threats “to assassinate, or attempt to assassinate” him. During Khamenei’s funeral, mourners repeatedly held posters or banners calling for him to be killed along with Israeli Prime Minister Benjamin Netanyahu.

The Iran war’s opening moments on Feb. 28 saw an airstrike that killed Khamenei, 86. Iran only buried Khamenei this week following a dayslong funeral ceremony that saw his body taken to cities in both Iran and Iraq.

Trump added in his post that the U.S. military would “completely decimate and destroy all areas of Iran — PRAISE BE TO ALLAH!”

Trump, repeatedly during the war and its uneasy ceasefire, has invoked the name of God in Arabic, as well as threatened to destroy Iran’s very civilization. The Council on American-Islamic Relations, a nationwide advocacy group, has in the past criticized Trump’s “deranged mocking of Islam.”

The Strait of Hormuz is a major point of contention

U.S. officials, who spoke on condition of anonymity to describe to reporters the state of play with Iran, said the resumption of strikes this week came after what they described as a rogue faction of Iranian hard-liners trying to sabotage the ceasefire between Tehran and Washington.

However, Iran has insisted its theocracy is unified after the war under the country’s new supreme leader.

The U.S. officials said Friday that Trump is giving U.S. negotiators limited time to reach a deal with Iran but, in a sign of the challenges ahead, they underscored that the president had a wide range of options if talks fall apart.

Moments before the U.S. officials spoke, however, Tehran’s diplomat at the United Nations told reporters that any activity in the Strait of Hormuz, including its opening or demining operations, “rests exclusively with Iran.”

Qatari mediators separately traveled to Iran to meet with officials on Friday, Iranian Foreign Ministry spokesperson Esmail Baghaei said.

Iran has said the strait must now be under its sole control and that vessels should begin paying fees to Tehran — even though the world has for decades considered it an international waterway. About a fifth of all traded oil and natural gas passed through the strait before the war began.

Iran’s grip on the strait during the conflict led to a global energy crisis, though oil prices have sharply dropped since wartime highs of $120 a barrel.

Middle East remains tense after attacks

After the U.S. wrapped up its latest strikes on Thursday, more attacks reportedly hit Iran, leaving questions about who else may be targeting the Islamic Republic. Israel didn’t claim them, meaning the Gulf Arab states may have launched them, likely as a means to deter Iran from attacking them again. Iran on Thursday retaliated for U.S. strikes by targeting Bahrain, Jordan, Kuwait and Qatar.

The strikes in Iran over two days killed at least 17 people and wounded 115 others, Iranian Health Ministry spokesperson Hossein Kermanpour said.

Across the Strait of Hormuz on Saturday, Araghchi is scheduled to meet with his counterpart in Oman. Turkish Foreign Minister Hakan Fidan told his country’s state broadcaster TRT that he believed “a solution can be reached” this weekend between Iran and Oman, which lie on opposite sides of the narrow waterway.

However, Araghchi on Saturday accused the U.S. of violating the interim deal by ending waivers allowing Iran to sell crude oil on the open market in U.S. dollars. Washington did that in response to the attacks on ships in the strait.

“Reality check: There can only be mutual compliance,” Araghchi wrote on X.

The U.S. continues to urge mariners to travel on a southern route through Oman’s territorial waters to avoid Iranian waters and the commands of its paramilitary Revolutionary Guard. That has angered Tehran and sparked the attacks in the strait.

US insists a nuclear deal will require Iran to turn over enriched uranium

The U.S. officials also told journalists that any deal on Iran’s nuclear program would require Tehran to turn over its stockpile of highly enriched uranium. That’s something Iran has repeatedly refused.

If the U.S. does not reach a deal with Iran to turn over its nuclear material, it has military options to ensure that it remains buried underground forever, the officials said. They did not detail those options.

The uranium, enriched to near weapons-grade levels, is believed to be at nuclear sites the U.S. bombed in 2025. Iran long has insisted its nuclear program is peaceful, despite the International Atomic Energy Agency saying the Islamic Republic is the only country in the world to enrich uranium so highly without a weapons program.

The officials also insisted that they would never reach a nuclear deal with Iran if it did not first stop its attacks on ships in the Strait of Hormuz.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Jon Gambrell
See full bioRight Arrow Button Icon
By Michelle L. Price
See full bioRight Arrow Button Icon
By Will Weissert
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

Trump undercuts GOP midterms message with snub of housing bill
PoliticsHousing
Trump undercuts GOP midterms message with snub of housing bill
By Katy O'Donnell and BloombergJuly 11, 2026
56 minutes ago
Trump once suggested his Reflecting Pool renovations would last a century. It’s now being drained again after an algae bloom and peeling paint
PoliticsDonald Trump
Trump once suggested his Reflecting Pool renovations would last a century. It’s now being drained again after an algae bloom and peeling paint
By Will Weissert and The Associated PressJuly 11, 2026
2 hours ago
Iran’s supreme leader vows revenge for killing of his father after Trump threatens to launch thousands of missiles if Tehran tries to assassinate him
PoliticsIran
Iran’s supreme leader vows revenge for killing of his father after Trump threatens to launch thousands of missiles if Tehran tries to assassinate him
By Jon Gambrell, Michelle L. Price, Will Weissert and The Associated PressJuly 11, 2026
2 hours ago
Meet ‘Freedom Fuel Network’ stations, a new chain with cheaper gas and mysterious origins
EnergyDonald Trump
Meet ‘Freedom Fuel Network’ stations, a new chain with cheaper gas and mysterious origins
By Joshua HongJuly 10, 2026
19 hours ago
At least a million woman lose access to humanitarian supports thanks to Trump budget cuts
PoliticsDonald Trump
At least a million woman lose access to humanitarian supports thanks to Trump budget cuts
By The Associated PressJuly 10, 2026
1 day ago
Vietnam is paying women to have more babies—but there’s a catch: they have to be on baby no. 2 to qualify for the $68 million budget
SuccessCareers
Vietnam is paying women to have more babies—but there’s a catch: they have to be on baby no. 2 to qualify for the $68 million budget
By Orianna Rosa RoyleJuly 10, 2026
1 day ago

Most Popular

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts
Economy
U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts
By Eleanor PringleJuly 10, 2026
1 day ago
Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it
Middle East
Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it
By Jason MaJuly 10, 2026
1 day ago
Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
Success
Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
By Emma BurleighJuly 9, 2026
2 days ago
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
Environment
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
By Sasha RogelbergJuly 10, 2026
1 day ago
Current price of oil as of July 10, 2026
Personal Finance
Current price of oil as of July 10, 2026
By Joseph HostetlerJuly 10, 2026
1 day ago
When Erling Haaland isn’t playing for Norway in the World Cup, he's investing in a chess championship and playing an animated Viking
Success
When Erling Haaland isn’t playing for Norway in the World Cup, he's investing in a chess championship and playing an animated Viking
By Emma BurleighJuly 10, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.