Iran's Khamenei Urges Gulf Unity Amid Strait of Hormuz Tensions

Supreme Leader Ayatollah Mojtaba Khamenei called on Gulf leaders to identify their real enemy, as regional tensions persist over the closed Strait of Hormuz.

Data from Kpler shows commodity vessel transits through the strait dropped to seven on Thursday, significantly below the 10-day average of 15, amid a naval blockade and US sanctions.

Iran's annual inflation reached 66 percent last month, with President Masoud Pezeshkian reporting a 35 percent decline in imports and exports due to the ongoing standoff and international restrictions.