War weighs on Iran's economy as US intensifies sanctions

Iranian leaders are acknowledging the economic toll of war with the US, ‌with the supreme leader urging the government to address the hardship and the president saying foreign trade has shrunk by a third due to the American sanctions and blockade. Yet Tehran signaled no retreat Saturday, vowing to withstand US pressure, pursue diplomacy and maintain what it said was control over the Strait of Hormuz, the strategic waterway giving Iran leverage through its ability ‌to disrupt global energy market