US, Iran trade threats over sanctions

The United States and Iran exchanged defiant messages ahead of Monday's scheduled announcement of new US economic sanctions, with Tehran calling the measures a 'declaration of war on all nations.' President Donald Trump said Iran would love to make a deal but is not prepared to make the right one.

Trump also described the Strait of Hormuz as 'American territory,' a claim that drew sharp criticism from Tehran.

The escalating rhetoric comes as the US military helps facilitate oil shipments through the strategic waterway, while Iran's president called for an end to the war 'from a position of strength.'