Trump tells Fox he believes Iran leader is alive but 'damaged'

President Donald Trump stated in an interview with Fox News that he believes Iran's newly appointed supreme leader, Mojtaba Khamenei, is "probably alive in some form" but "damaged," according to reports. This assessment comes amid ongoing U.S.-led military operations against Iran, which have significantly disrupted regional energy markets and global oil prices. The Strait of Hormuz, a critical global energy chokepoint, has seen reduced shipping activity due to Iranian mine-laying efforts and retaliatory strikes, raising concerns about supply chain disruptions.

The conflict has contributed to a surge in oil prices, with benchmarks exceeding $100 per barrel for the first time since 2022, driven by fears of prolonged instability in the region. Gasoline prices in the U.S. have also risen sharply, climbing to $3.53 per gallon nationally, exacerbating inflationary pressures for consumers. Analysts note that prolonged hostilities could further strain global energy markets, particularly if the Strait of Hormuz remains inaccessible for extended periods.

U.S. military officials have emphasized efforts to secure the strait, with Secretary of War Pete Hegseth stating that the Pentagon is evaluating options to escort oil tankers if necessary. Meanwhile, the Panama Canal Authority has highlighted increased demand for alternative shipping routes, potentially amplifying logistical and fuel costs for international trade.

Trump reiterated that Iran faces severe consequences if it impedes oil flows, warning of "twenty times harder" military responses. The administration has also prioritized evacuating U.S. citizens from the Middle East, with over 43,000 Americans repatriated since the conflict began. While the immediate financial impact remains tied to energy markets, long-term economic risks depend on the duration and escalation of hostilities.