Iran says it will continue to restrict shipping in the Strait of Hormuz, President Trump says high oil prices are the price of curbing Iran's nuclear program

Iranian Deputy Foreign Minister Ghalibabadi stated that as long as the United States does not accept failure and continues to exert pressure, Iran will continue to restrict shipping in the Strait of Hormuz. According to Reuters, the current oil tanker traffic in the Strait of Hormuz has significantly decreased, with Kpler data showing only two ships passing through on Friday and no record of crude oil transportation. US President Trump has stated that the American people need to accept higher gasoline prices to prevent Iran from obtaining nuclear weapons. According to data from the American Automobile Association (AAA), the average gasoline price in the United States has risen to about $4.08 per gallon, a year-on-year increase of 29%. Iranian President Pezehezhian stated that US sanctions have intensified inflationary pressures within Iran. US Treasury Secretary Besson stated that more economic measures targeting Iran will be announced next week.