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Global oil prices are in the high $70s as traffic through Strait of Hormuz comes to a halt. Some analysts have warned they could top $100 a barrel if the stoppage is prolonged.
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His remarks are the first public ones to reporters since the U.S.-Israeli military operations against Iran began Saturday despite weeks of talks designed to stave off a conflict.
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The U.S. and Iran have a long history of tensions, including a CIA-led campaign to topple Iran's prime minister in 1953 and the taking of American hostages in 1979.
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U.S. and Israel continue attacks against Iran, three American service members killed and Trump says more deaths are "likely," Iran targets Gulf states and U.S. bases as retaliation.
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Hundreds of thousands of travelers have been stranded by the outbreak of war with Iran.
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Millions of Israelis have sought safety in shelters after Iran launched retaliatory attacks on Israeli cities following the death of Iran's supreme leader.
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Four U.S. service members have been killed in ongoing Middle East operations as U.S. and Israeli strikes pound Iran and Tehran answers with successive waves of missiles and drones across the region.
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People in Iran describe what it's like inside the country after the killing of the country's supreme leader and amid continued airstrikes from the U.S. and Israel.
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What are the Trump administration's apparent goals in Iran and how likely is it that military force will achieve them? NPR's Leila Fadel talks to the Quincy Institute's Trita Parsi.
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Iran's retaliation following U.S. and Israeli strikes has seen missiles and drones hammer Gulf states and U.S. bases across the region, turning once-quiet skies over cities like Dubai, Doha and Manama into battle zones.
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As Iran launches retaliatory strikes on U.S. military assets in the Middle East, how do Gulf nations respond? Leila Fadel speaks with Yasmine Farouk of the International Crisis Group.
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It's the latest trade drawing scrutiny on the popular prediction market site for appearing to show an insider making profits on military secrets.