Iran called on the United States to accept defeat on Saturday, while President Donald Trump described Tehran as “very evil” and told Americans to brace for continued high fuel prices as the war between the two countries drags on. Progress toward peace talks remained stalled, and oil tanker traffic through the Strait of Hormuz stayed halted, with no indication either side is moving toward ending the conflict that the U.S. and Israel launched on February 28.
Iran’s Deputy Foreign Minister Kazem Gharibabadi delivered the sharpest rhetoric of the day in a post on X. “This strait will be opened and closed only under Iran’s command, and so long as you do not accept the reality of defeat and stop indulging in fantasies, Iran will continue to enforce the blockade,” Gharibabadi wrote. His comments came as Foreign Minister Abbas Araqchi said Iran had not decided whether to resume talks with Washington. In an interview published Saturday by Iranian news outlet Shahrara News, Araqchi said the U.S. must meet Iran’s conditions on the strait before shipping can resume through the waterway, which handled roughly one-fifth of the world’s oil before the war began.
Trump defends the cost of the conflict
Trump addressed the economic toll of the war directly at a political rally in Garden City, New York, on Friday, urging Americans to accept “a tiny little bit more for your gasoline” in exchange for preventing what he called “a very evil country” from acquiring a nuclear weapon, one of the stated justifications he has given for the war. He also floated a dramatic escalation of U.S. ambitions in the region. “After we finish defeating Iran… pretty soon I’ll be declaring the Hormuz Strait a territory of the United States,” Trump said.
Throughout the conflict, Trump has shifted between threatening further escalation and claiming a peace deal is close at hand, a pattern that has continued into this latest round of statements. The financial impact of that uncertainty is already visible at the pump. The average U.S. price of a gallon of gasoline stood at about $4.08 on Friday, up 29% from a year earlier, according to the American Automobile Association. Trump campaigned for reelection on a promise to lower energy costs, and Democrats are now working to turn the war’s economic fallout into a campaign issue ahead of November’s congressional elections.
Oil markets reflected the tension as well. Crude oil futures rose $1 a barrel on Friday, with benchmark Brent futures on track for a weekly gain of 6.0% and West Texas Intermediate up 5.4% for the week.
Iran points to its own economic strain

Tehran has matched Washington’s rhetoric in recent days as efforts to reach a lasting resolution appear stuck. Gharibabadi dismissed the idea that U.S. military posturing could resolve the standoff. “The Strait of Hormuz cannot be seized by a tweet or an aircraft carrier, by issuing an order or by delivering an election speech,” he said.
Despite that defiance, Iran is showing signs of economic strain from the conflict. President Masoud Pezeshkian, speaking on state television, blamed rising inflation in Iran on a U.S. blockade of Iranian ports and continued sanctions on the country’s oil exports. Iran’s use of the word “blockade” mirrors the term Washington has applied to its own threats against Iranian vessels attempting to leave their ports, with both sides now describing the other’s actions in nearly identical language.
Trump and Treasury Secretary Scott Bessent both pledged to increase financial pressure on Iran going forward. Bessent told Newsmax’s “Rob Schmitt Tonight” program on Thursday that additional measures targeting Iran would be announced next week. Trump, for his part, framed the broader U.S. campaign as a benefit to the international community. “What we’re doing is a great service for the world, not only for ourselves… and we’re really doing a great job,” he said.
Shipping traffic remains near a standstill
The practical effect of the standoff shows up most clearly in shipping data. Only two vessels passed through the Strait of Hormuz on Friday, and neither carried visible crude oil shipments, according to analysis from ship-tracking firm Kpler. Some vessels may still be crossing the strait undetected with their transponders switched off, but even accounting for that possibility, current traffic falls far short of the more than 130 ships that used to cross the strait daily before the war began. Vessels that attempt to navigate the strait without Iranian permission face the risk of missile or drone strikes.
That risk has already materialized multiple times in the past two days. The UAE accused Iran of attacking a third vessel operated by the Abu Dhabi National Oil Company while it was transiting the strait on Friday, the Emirati state news agency WAM reported. The accusation followed two earlier incidents involving ADNOC vessels in the strait that the UAE blamed on Iran Thursday evening. Separately, the United Kingdom Maritime Trade Operations Centre reported that a bulk carrier was struck in the hull by an unknown projectile in the strait on Friday. It remains unclear whether that report refers to the same incident involving the ADNOC vessel or a separate attack entirely.
A collapsed ceasefire and a widening regional conflict
A tentative deal reached in June to end the war has effectively fallen apart. Araqchi rejected the framing that Iran and the U.S. ever had a formal ceasefire to extend. “We did not have a ceasefire in the first place that we would now want to extend,” he said. “We had ‘the end of the war,’ and now there is a new situation.”
The conflict’s reach is also extending beyond Iran and the strait itself. Iran-backed Houthi forces in Yemen renewed fears of a broader regional war after Yemen’s internationally recognized government said the group fired six ballistic missiles at the Red Sea port of Mocha on Friday, killing four civilians. The strike adds another front to a conflict that began as a bilateral war between the U.S., Israel, and Iran but has increasingly drawn in Iran-aligned armed groups operating elsewhere in the region.
With shipping through the Strait of Hormuz still largely frozen, oil prices climbing, and both Washington and Tehran doubling down on hardline public statements, there is little indication that either side is prepared to de-escalate in the near term. The economic pressure mounting on both countries, reflected in U.S. gas prices and Iranian inflation alike, has yet to translate into renewed diplomatic movement, leaving the war’s trajectory as uncertain as it has been since fighting began in February.













