Iranian leaders have acknowledged the economic toll of the ongoing war with the United States. The supreme leader called on the government to address the hardship, while the President reported that foreign trade has shrunk 35% because of American sanctions and blockade.

Other leaders have threatened military retaliation against the U.S. and declared that Iran's navy maintains control of the Strait of Hormuz, a strategic waterway that gives Iran leverage through its ability to disrupt global energy markets.

The conflict is now at the six-month mark, with negotiations at an impasse. The Trump administration has stepped up efforts to punish Iran financially, describing the move as an 'economic D-Day.' Washington has warned countries to cut their business ties with Iran.