As Iran deals with sanctions administered on the export of its oil, Supreme Leader Ayatollah Ali Khamenei warned that the nation will be prepared to retaliate regarding that embargo during a suitable time. Nations have come down on Iran's nuclear program, believing it is driving toward the creation of weapons of mass destruction.
"Sanctions will not have any impact on our determination to continue our nuclear course," the religious figure said during observation, which was broadcast on state television, according to Reuters. "In response to threats of oil embargo and war, we have our own threats to impose at the right time."
At 9:21 a.m. on Friday, crude oil futures gained 1.43 percent, a $1.60 lift to $113.67 per barrel.
Israel, often the target of Iran's vehement criticism and threats, said Tehran ought to be the target of a military strike if efforts toward diplomacy and sanctions do not serve their purpose, according to The Jerusalem Post.
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