Strait of Hormuz SHOWDOWN: US and Iran claim control…

. JON? JON: SUCH TERRIBLE VIDEO. STEPHANIE BENNETT, THANK YOU. ♪. JON: WELL, YESTERDAY MARKED SIX. MONTHS OF WAR ON IRAN, AND THE. BALL -- BATTLE OVER THE STRAIT. OF HORMUZ CONTINUES. BOTH THE UNITED STATES AND IRAN. CLAIM THEY CONTROL THAT KEY. WATERWAY, AND TEHRAN IS VOWING. TO PUSH BACK AGAINST NEW. SANCTIONS THAT ARE CHOKING ITS. ECONOMY. JONATHAN HUNT IS LIVE FROM TEL. AVIV. JONANATHAN. >> Reporter: JON, THE IRANIAN. ECONOMY IS REELING, AND THE U.S.

NOW INTENDS TO LAND THE KNOCKOUT. BLOW. CENTRAL TO THAT EFFORT, OF. COURSE, IS THE ONGOING U.S. NAVAL BLOCKADE IN THE STRAIT OF. HORMUZ. IT REMAINS AND WILL REMAIN I IN. FULL FORCE AND EFFECT, CHOKING. OIL EXPORTS FROM IRAN. THAT, OF COURSE, IS IRAN'S. ECONOMIC LIFE BLOOD. TREASURY SECRETARY SCOTT BESSENT. SAYING YESTERDAY, QUOTE, THE. BLOCK DECADE AND OPERATION --. BLOCKADE AND OPERATION ECONOMIC. OUTCAST WILL CRUSH THE FAILING.

IRANIAN ECONOMY. THE HAS GUIDED 130 MILLION. BARRELS OUT OVER THE PAST 14. DAYS. IRAN, 0. IRAN'S PARLIAMENTARY SPEAKER. RESPONDED TO THAT ON TWITTER. SAYING, QUOTE, LIAR, LIAR, PANTS. ON FIRE. FOR REAL 130s, TELL YOUR. STAFFER TO PULL MOODY'S SHOWING. $130 BILLION IN WAR COSTS. BUT THE WAR IS CERTAINLY COSTING. IRAN TOO. AND WE KNOW THAT INFLATION THERE.

IS RAMPANT. WE HAVE SEEN VIDEO EVIDENCE OF. LENGTHENING LINES AT GAS. STATIONS AND AND DECREASING. AVAILABILITY OF COMMON GOODS IN. THE MARKETS AND STORES IN. TEHRAN. THE CHALLENGE NOW FOR TREASURY. SECRETARY SCOTT BESSENT AS HE. HEADS TO THE G20 SUMMIT IN. ASHEVILLE, NORTH CAROLINA, IS TO. GET THE REST OF THE WORLD'S BIG. ECONOMIES ON BOARD WITH THAT. SANCTIONS PROGRAM. AND THE BIGGEST TARGET THERE, JON, IS OBVIOUSLY CHINA.

CHINA IS A HUGE TRADING PARTNER. FOR IRAN, ITS BIGGEST ECONOMIC. FRIEND RIGHT NOW. AND CHINA HAS ALREADY SAID AT. THE MOMENT IT HAS NO INTENTION. OF BACKING THE U.S. SANCTI.