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Tehran Signals Defiance as Supreme Leader Vows Retaliation and Strait Closure

  A man holds a picture of Iran's new supreme leader, Mojtaba Khamenei, while people attend a funeral ceremony for the Iranian military commanders who were killed in strikes, in Tehran Iran’s Supreme Leader issued his first public remarks following the deaths of senior Iranian commanders, vowing that the country will “avenge the martyrs” and maintain the closure of the strategic Strait of Hormuz until what he described as “justice” is served. His comments, delivered during a nationally broadcast address, underscore a sharp escalation in rhetoric at a moment of heightened regional tension. The Supreme Leader framed the recent losses as sacrifices in the defense of Iran’s sovereignty, promising that those responsible “will face consequences.” He also reaffirmed Iran’s decision to keep the Strait closed, a move that has already disrupted global shipping routes and rattled energy markets. The strait, one of the world’s most critical chokepoints for oil transport, has long been a flas...
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Trump Reaffirms No Plans to Remove Powell Amid DOJ Probe

 

                                            Federal Reserve Chair Jerome Powell arrives at the U.S. Federal Reserve
                                            in Washington, U.S., January 13, 2026.


U.S. President Donald Trump said he does not currently intend to fire Federal Reserve Chair Jerome Powell, even as Powell faces a criminal investigation by the Department of Justice over alleged cost overruns tied to the Fed’s headquarters renovation project.

In an interview, Trump emphasized that he has “no plan” to remove Powell but noted that it is still “too early” to determine whether the investigation could influence future decisions. He described the situation as a “holding pattern,” suggesting the administration is waiting for more clarity before taking any action.

Powell, whose term as Fed chair ends in May but who can remain on the Board of Governors until 2028, recently disclosed that the DOJ had issued grand jury subpoenas and threatened possible indictment. He has denied wrongdoing and argued that the probe is politically motivated.

Trump also hinted that he is considering potential successors, mentioning former Fed Governor Kevin Warsh and National Economic Council Director Kevin Hassett as strong candidates should a leadership change occur.


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