A woman holds up pictures of the Iranian Supreme Leader Ayatollah Mojtaba Khamenei, left, and his father, the slain Ayatollah Ali Khamenei in a state-organised rally celebrating the birthday of Imam Reza, the 8th Shiite Muslims' Imam, and supporting the supreme leader, in Tehran, Iran, Wednesday, April 29, 2026.
Iran's supreme leader says the Islamic Republic will protect its nuclear and missile capabilities as a national asset. Ayatollah Mojtaba Khamenei made the statement Thursday, likely drawing a hard line as U.S. President Donald Trump seeks a wider deal to cement the war's shaky three-week ceasefire. Khamenei also said Americans belong “at the bottom” of the Persian Gulf. His remarks come as Iran's oil industry is struggling under a U.S. Navy blockade and as the global economy feels the strain of Iran's chokehold on the Strait of Hormuz. World oil prices surged above $126 a barrel on Thursday. The Trump administration is trying to persuade other nations to help reopen the strait.