Iran live updates: Khamenei vows revenge for his father’s death

In response to Iran launching missiles at ships in the Strait of Hormuz, the Trump administration is increasing its financial pressure on Iran, slapping new sanctions on an individual that it claims is responsible for amassing Iran's new Supreme Leader Mojtaba Khamenei's fortune.

The Treasury Department said it is taking action against Ali Ansari, who allegedly helped Khamenei divert public funds into his own wealth and wealth for Iranian regime "elite."

In its press release about the move, the Treasury said the action comes after "Iran’s resumption of attacks on international shipping in the Strait of Hormuz."

The Treasury Department said Ansari used his position as the director of a now-sanctioned bank to "overextend loans and embezzle billions of dollars from the Iranian people until the Iranian government forced the bank’s dissolution in mid-October 2025." The administration also alleged that Ansari "was using his publicly funded wealth to simultaneously expand an overseas business empire on behalf of Mojtaba Khamenei."

The administration also took action against Iranian currency exchange houses and their leaders who they say facilitated billions of dollars' worth of transactions of foreign currency on behalf of sanctioned Iranian banks.

“The so-called Supreme Leader is hiding in seclusion while his regime crumbles. Treasury will continue using every tool at its disposal to isolate him and other regime elites from the global financial system. We will preserve these assets for the Iranian people," Treasury Secretary Scott Bessent said in a statement.

-ABC News' Michelle Stoddart

President Donald Trump said that he has agreed to Iran’s request to continue talks, but he maintained, "Cease Fire is OVER!"

"The Islamic Republic of Iran has asked us to continue 'talks.' We have agreed to do so, but the United States has stated to them, in no uncertain terms, that the Cease Fire is OVER!," Trump said in a social media post Friday.

Qatari mediators travelled to Iran in an effort to get negotiations between the U.S. and Iran back on track and encourage deescalation form both sides, aources told ABC News.

Iran’s semi-official Tasnim news agency reported that a Qatari delegation had visited Iran on Friday. Flight data indicates that the Qatari delegation has now left Iran after spending several hours on the ground.

After a call between the Egyptian and Qatari foreign ministers, Qatar’s foreign ministry released a statement which stressed “the need for all parties to commit to dialogue and diplomacy, and to implement what was agreed upon within the framework of the Memorandum of Understanding between the United States of America and the Islamic Republic of Iran, including ensuring freedom of navigation in the Strait of Hormuz.”

-ABC News' Shannon K. Kingston

The U.S. and Iran continue to engage in technical negotiations on nuclear issues, a U.S. official said Thursday, following two days of retaliatory strikes against Tehran this week.

"The United States is still committed to finding a resolution, and technical talks continue. Iran can never possess a nuclear weapon, the official said.

The 60-day ceasefire and memorandum of understanding, the official added, are "performance-based" and Iran’s actions "constitute failed performance at an unacceptable level."

"Iran’s attacks on these innocent vessels are acts of terrorism" the official added.

-ABC News' Mariam Khan