Ed Kalegi

Iranian state TV is now also saying that Supreme Leader Ayatollah Ali Khamenei is dead.

Earlier, President Trump posted on social media, on Truth Social, the death of Ali Khamenei, adding that the heavy and pinpoint bombing, however, will continue uninterrupted throughout the week or as long as necessary.

Killing the ruler who dominated the Islamic Republic for more than three decades took the U.S.-Israeli campaign

to quash Iran's regional power to a new level, even as Iran retaliated with strikes on U.S.

allies in the oil-rich Middle East and threatened tanker traffic through the Hormuz shipping strait.

Iran's semi-official Fars news agency said Trump's claim was denied by sources close to the Supreme Leader's office.

OPEC will consider a larger supply increase when key members meet Sunday following U.S.

and Israeli airstrikes on targets in Iran.

We get more from Bloomberg's Monica Ricks.

Adding to Monica's report, oil shipping has largely paused in the Strait of Hormuz that links the oil-rich Persian Gulf to the open seas after the U.S.

and Israel bombed Iran, with Iranian media saying the waterway is practically closed.

Ships reported hearing a radio broadcast reporting to come from the Iranian Navy announcing that transit through the waterway was banned.

There's been no formal announcement from Tehran about the status of the strait, which is crucial for the flow of oil and gas.

But several tankers that had been heading toward Hormuz turned around in recent hours.

A large number had already paused to wait near the entrance to the waterway after the bombing started.

The disruption is impacting everything from crude oil tankers to container ships that carry furniture.

There have been some questions about the president's authority to attack Iran without congressional approval.

Former National Security Advisor and Ambassador to the United Nations John Bolton talked about it on Bloomberg this weekend.

John Bolton on Bloomberg this weekend.

You can hear more of the show tomorrow at 7 a.m.