Politics
Iran 'terrified' of Trump presidency as Iranian currency falls to an all-time low
After President-elect Trump’s victory, Iran must now prepare to contend with the man it’s been trying to assassinate for years.
Tehran had reportedly been interfering in the U.S. election on behalf of Vice President Kamala Harris. But with former Trump’s win, the regime will have to prepare for a U.S. leader who is, at the very least, a wild card.
On Wednesday, the Telegram channel of Iran’s Islamic Revolutionary Guard Corps (IGRC), its military force, posted a video threatening to kill Trump. It ended with footage of a bloodied Trump and the words “We will finish the job.”
Iran has long vowed revenge for Trump approving the 2019 killing of Gen. Qassem Soleimani.
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President-elect Donald Trump and Iranian leader Ali Khamenei (Getty Images)
“The Islamic Republic has to be terrified that the presidential candidate that they tried to kill has just won the election,” Behnam Ben Taleblu, an Iran expert at the hawkish Foundation for Defense of Democracies (FDD) think tank, told Fox News Digital.
“The regime knows it can ill afford more exogenous economic shocks. Even the return of maximum pressure alone to the Islamic Republic is going to cause major, major economic problems.”
Iran’s currency tanked to an all-time low Wednesday after Trump clinched victory, signaling its challenges are far from over in the Middle East as war rages on through proxies in both Gaza and Lebanon.
After Tuesday’s victory, Iran must now prepare to contend with the man it has been trying to assassinate for years. (AP Photo/Evan Vucci)
The rial traded at 703,000 rials to the dollar, traders in Tehran said, breaking a record before recovering slightly later in the day to 696,150 to $1.
In 2015, at the time of Iran’s nuclear deal with world powers, the rial was at 32,000 to $1. On July 30, the day Iran’s reformist President Masoud Pezeshkian was sworn in and started his term, the rate was 584,000 to $1.
And despite U.S. sanctions that critics claim have not been enforced, Iran has been able to export near-record amounts of oil, around 1.7 million barrels per day.
At the same time, Iran could ramp up production to build a nuclear weapon in a matter of weeks by many estimates.
“Tehran knows maximum pressure is set to return,” said Taleblu. “During this lame duck period, the nuclear saber rattling threat has to be taken seriously, particularly when its conventional deterrence has been so badly beaten.”
After the Trump administration pulled out of the Iran nuclear deal in 2018, it imposed harsh sanctions on the regime to stop its funding of proxies abroad, banning U.S. citizens from trading with Iran or handling Iranian money.
It also punished entities in other countries that did business with Iran by cutting them off from the dollar.
Iran’s supreme leader, Ayatollah Ali Khamenei, has led the yearslong campaign to assassinate Trump. (Atta Kenare/AFP via Getty Image)
President Biden often waived enforcement of such sanctions, keen to bring Tehran back to the negotiating table to prevent it from acquiring nuclear weapons and fearful of driving up global oil prices.
Iran gained access to more than $10 billion through a State Department sanctions waiver that allowed Iraq to continue buying energy from Iran, which the Biden administration argues is necessary to keep lights on in Baghdad.
White House National Security Council spokesperson John Kirby has insisted none of the funds go to the IRGC or Iran’s Supreme Leader Ayatollah Ali Khamenei but are “for humanitarian goods.”
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Iran must also now factor an imminent Trump presidency into how it escalates war with Israel. Israel responded to Tehran’s strikes on Tel Aviv last month with attacks on Iranian military sites, and now Khamenei has vowed harsh countermeasures.
“Trump’s victory will give Iran pause as it considers striking back at Israel in their tit for tat,” said Sean McFate, adjunct professor at Syracuse University’s Maxwell School of Citizenship and Public Affairs.
“During Trump’s previous administration, he scuttled the Iran Nuclear Deal (JCPOA), strongly embraced Israel and sought to normalize Jewish-Arab relations in the region. I doubt he will support the Palestinians, and he will likely end the Biden-Harris dual policy of support to both sides in the Gaza conflict. None of this is good for Iran.”
Trump ordered a drone strike on Iranian Quds Force commander Qassem Soleimani, center, in 2019. (Press Office of Iranian Supreme Leader/Anadolu Agency/Getty Images)
But others predicted Trump may actually be less supportive of Israel, Iran’s No. 1 foe in the region, than the Biden administration due to his anti-interventionist tendencies.
“There’s the unpredictability factor with Trump,” said Chuck Freilich, former deputy national security adviser in Israel. “They don’t know. They’ll be cautious from that point of view with him and more so than they would have been with Biden.”
“Will they be willing to do what has to be done to prevent Iran from crossing, and that may include military action? The Republican Party has become isolationist.
“Biden sent aircraft carrier groups [near Israel] on four occasions in the last year. That’s an unprecedented deployment of American force, both in support of Israel and to deter Iran. Is [Trump] willing to do that?” he added. “I think he will be maybe even less inclined to use military force than Biden would have been.”
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Officially, Iran brushed off the suggestion a Trump presidency could inflict damage on the regime.
“The U.S. elections are not really our business. Our policies are steady and don’t change based on individuals. We made the necessary predictions before, and there will not be change in people’s livelihoods,” government spokesperson Fatemeh Mohajerani said, according to the semi-official Tasnim news agency.
Politics
U.S. Seizes Second Tanker Carrying Iranian Oil
U.S. military forces stopped and boarded a second sanctioned tanker carrying oil from Iran in the Indian Ocean, the Pentagon said on Thursday, ramping up pressure on Tehran as the Trump administration seeks to resume negotiations to end the war.
A naval boarding team roped down from hovering helicopters and fanned out on the vessel, the M/T Majestic X, according to a Pentagon statement that included a 17-second video of the operation.
The military said the boarding was part of a “global maritime enforcement to disrupt illicit networks and interdict vessels providing material support to Iran, wherever they operate.”
Earlier this week, Navy SEALS boarded another ship in the Indian Ocean, the M/T Tifani, after the Pentagon said it was carrying oil from Iran.
Navy destroyers are also shadowing several other Iranian vessels, including the Dorena and Sevin, which had left from the Iranian port of Chabahar before the U.S.-imposed blockade began on April 13, a U.S. military official said. The Navy is directing those ships to return to an Iranian port, the official said.
With the M/T Tifani and M/T Majestic X now at least temporarily in the custody of the military, a U.S. military official said it was up to the White House to decide what to do with the sanctioned vessels and their cargo. The administration previously seized several tankers carrying illicit oil from Venezuela after a U.S. commando raid there in January that seized Nicolás Maduro, the country’s president.
“International waters cannot be used as a shield by sanctioned actors,” the Pentagon said in its statement on Thursday, adding that the department would “continue to deny illicit actors and their vessels freedom of maneuver in the maritime domain.”
Gen. Dan Caine, the chairman of the Joint Chiefs of Staff, hinted last week that the U.S. military would likely commence boarding operations like the ones this week. He said that U.S. military commanders elsewhere in the world, and especially in the Indo-Pacific region, would “actively pursue any Iranian-flagged vessel or any vessel attempting to provide material support to Iran.”
The U.S. Navy has turned back at least 31 ships trying to enter or exit Iranian ports since an American blockade outside the contested Strait of Hormuz began about a week ago, U.S. Central Command said late Wednesday.
Last Sunday, a Navy destroyer disabled and seized the Touska, an Iranian cargo ship, after it tried to evade the blockade. It was the first time a vessel was reported to have tried to evade the U.S.-imposed blockade on any ship entering or exiting Iranian ports since it took effect last week.
Politics
Leavitt explains why Iran’s seizure of two ships doesn’t violate Trump’s ceasefire
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White House press secretary Karoline Leavitt explained why President Donald Trump does not consider Iran’s seizure of two ships in the Strait of Hormuz a violation of the ceasefire agreement.
Leavitt made the statement during an interview with Fox News’ Martha McCallum on Wednesday just hours after Iran captured the Greek and Mediterranean-flagged vessels.
“Does the seizure of two ships — as we said, they were Greek and Mediterranean-owned ships with cargo on them, and the reports are that Iran basically seized them and then moved them into Iranian waters. We don’t know what’s going to happen to these crews. We’re not sure where all of this is going. Does the president view that as a violation of the ceasefire?” McCallum asked.
“No, because these were not U.S. ships. These were not Israeli ships. These were two international vessels,” Leavitt responded.
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Karoline Leavitt, White House press secretary, conducts a press briefing. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
“And for the American media, who are sort of blowing this out of proportion to discredit the president’s facts that he has completely obliterated Iran’s conventional Navy, these two ships were taken by speedy gunboats. Iran has gone from having the most lethal Navy in the Middle East to now acting like a bunch of pirates. They don’t have control over the strait,” she continued.
“This is piracy that we are seeing on display. And the naval blockade that the United States has imposed continues to be incredibly effective. And, to be clear, the blockade is on ships going to and from Iranian ports. And the point of this is the economic leverage that we maintain over Iran now. While there’s a ceasefire with respect to the military and kinetic strikes, Operation Economic Fury continues, and the crux of that is this naval blockade,” she added.
The Iranian made ‘Seraj’ a high-speed missile-launching assault boat on display in Tehran on August 23, 2010, as Iran kicked off mass production of two high-speed missile-launching assault boats the ‘Seraj’ (Lamp) and ‘Zolfaqar’ (named after Shiite Imam Ali’s sword) speedboats which will be manufactured at the marine industries complex of the ministry of defense. (YALDA MOAIERY/AFP via Getty Images)
Iran’s Revolutionary Guard Corps said the vessels, identified as the MSC Francesca and the Epaminondas, were operating without proper authorization and had tampered with navigation systems, accusations that could not be independently verified. The ships had earlier reported coming under fire near the strait, underscoring the increasingly volatile conditions in one of the world’s most critical shipping lanes.
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The Guard attacked a third ship, identified as the Euphoria, which had become “stranded” on the Iranian coast, Iranian media reported. It did not seize that vessel.
Ships and tankers in the Strait of Hormuz off the coast of Musandam, Oman, April 18, 2026. (Reuters)
Both the U.S. and Iranian sides have targeted commercial and cargo vessels as part of a broader pressure campaign tied to stalled negotiations. U.S. forces have also moved to seize at least one Iranian-linked vessel in the region, with each side accusing the other of violating the terms of a fragile ceasefire.
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The Strait of Hormuz is a vital artery for global oil shipments, with roughly 20% of the world’s supply passing through it. Traffic has slowed dramatically as ships reroute or avoid the area amid gunfire, seizures and conflicting directives from both militaries.
Fox News’ Morgan Phillips contributed to this report.
Politics
Bass, Barger meet with Trump to push for L.A. fire recovery funds
WASHINGTON — Los Angeles Mayor Karen Bass and L.A. County Supervisor Kathryn Barger met privately with President Trump and administration officials Wednesday to press for federal support and yet-unpaid wildfire recovery funding as the region continues to rebuild from the 2025 fires.
“This afternoon we met with President Trump and Administration officials to advocate for families who lost everything,” Bass and Barger said in a statement. “We had a very positive discussion about FEMA and other rebuilding funds as well as the support of the President to continue joining us in pressuring the insurance companies to pay what they owe — and for the big banks to step up to ease the financial pressure on L.A. families.”
Barger said the two leaders had a “high-level discussion” with the president in the Oval Office, sharing stories about what fire survivors are experiencing day to day. She added that “we left details behind with the President,” but did not specify whether Trump made any funding or policy promises during the meeting.
“First and foremost, today’s meeting was to thank the President for his initial support of infusing federal resources to expedite debris removal, as well as his recent tweet about insurance companies, which have already proven fruitful,” she said in a statement provided to The Times.
Bass was similarly reserved about the discussions, telling reporters that “we will follow up with the details,” but signaled progress is being made on federal support.
“I think what’s important is that we certainly got the president’s support in terms of, you know, what is needed, and then the appropriate people were in the room for us to follow up. And that was Russ Vought, who is the head of the Office of Management and budget,” Bass told KNX on Wednesday.
The meeting comes on the heels of a yearlong standoff between California leaders and the Trump administration over wildfire recovery funding, disaster response and whether the federal government should have a say in local rebuilding permitting.
California leaders, led by Gov. Gavin Newsom, have accused the Trump administration of withholding billions in critical wildfire aid, prompting a lawsuit over stalled recovery funds. Officials allege political bias in the delay of billions of dollars from the Federal Emergency Management Agency.
Newsom visited Washington in December. When he made his rounds on Capitol Hill, he met with five lawmakers, including three who serve on the Senate and House appropriations committees, to renew calls for $33.9 billion in federal aid for Los Angeles County fire recovery.
But the governor said he was denied a meeting with FEMA and would not say whether he had attempted to meet with Trump to discuss the issue.
Bass, meanwhile, appears to have found a path to the president on a subject that has been paramount for her community.
The fruitful meeting comes after Trump lobbed insults at the mayor at a news conference earlier this year, where he called her “incompetent” for how she handled last year’s wildfire recovery efforts. He alleged that under Bass’ leadership, the city’s delay in issuing local building permits will take years when it should have taken “two or three days.”
California officials, including Newsom, have urged the Trump administration to send Congress a formal request for the $33.9 billion in recovery aid needed to rebuild homes, schools, utilities and other critical infrastructure destroyed or damaged when the fires tore through neighborhoods more than 15 months ago.
What Bass and Barger’s meeting with the president ultimately produces remains to be seen.
The billions in recovery aid have not yet materialized, but the meeting could potentially give those discussions new momentum.
The White House did not immediately respond to a request seeking comment about the meeting.
Earlier this month, Trump criticized insurance provider State Farm on Truth Social for its handling of the devastating Los Angeles County wildfires. He accused the insurance giant of abandoning its policyholders when tragedy struck.
“It was brought to my attention that the Insurance Companies, in particular, State Farm, have been absolutely horrible to people that have been paying them large Premiums for years, only to find that when tragedy struck, these horrendous Companies were not there to help!” Trump wrote.
But the rebuke didn’t come out of the blue. It stemmed from a controversial February visit to Los Angeles by Trump administration officials.
Trump tapped Environmental Protection Agency Administrator Lee Zeldin in an effort to strip California state and local governments of their authority to permit the rebuilding of homes destroyed in the Eaton and Palisades fires.
Within the week, Zeldin was in Los Angeles, bashing Newsom and Los Angeles officials at a roundtable with fire victims and reporters, saying that residents were suffering from “bureaucratic, red tape delays and incompetency” and that leadership was “denying them … the ability to rebuild their lives”.
During the trip, officials heard direct complaints from local leaders and fire victims about insurers being slow, restrictive and insufficient with their claim payouts.
After these meetings, Trump directed Zeldin to investigate the insurers’ responses. State Farm, facing roughly $7 billion in fire-related claims, is also under formal investigation by California’s insurance commissioner over its handling of the crisis.
Despite tensions with the administration, Bass and Barger appeared confident that progress was being made on the insurance and funding issues.
“Our job is to fight for our communities,” their joint statement concluded. “When it comes to this recovery, our federal partners are essential, and we are grateful for the support of the President.”
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