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Fox News Hourly Update

We're Hearing from Iran's New Supreme Leader for the First Time

12 Mar 2026

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What is the main topic discussed in this episode?

1.432 - 3.395 Dave Anthony

This is a Fox News alert.

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Chapter 2: What statements did Iran's new supreme leader make?

3.435 - 22.444 Dave Anthony

We're hearing from Iran's new supreme leader for the first time. I'm Dave Anthony. It's a statement he wrote that an anchor read on Iran State TV. Vowing Iran will have revenge for atrocities and not refrain. Also vowing to keep the Strait of Hormuz closed, halting oil shipping until the war is over.

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22.424 - 33.251 Trey Engst

Now, Iran's new supreme leader in this statement goes on to say all U.S. bases should immediately be closed in the region and those bases will be attacked. He calls on unity among the people of Iran.

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33.331 - 37.682 Dave Anthony

Mustafa Khamenei has not been seen in public yet. He took over just days ago, replacing his father.

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37.662 - 50.558 Trey Engst

Remember, Iran's former supreme leader was taken out in the opening strikes of Operation Epic Fury when this war began. And in those opening strikes, Mushtaba Khamenei's wife, mother, and one son were also killed.

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50.578 - 62.773 Dave Anthony

That's Fox's Trey Engst in Tel Aviv, as Israel was targeted again overnight by Iranian missiles and rockets fired from Hezbollah in Lebanon. It's now day 13 of Operation Epic Fury, and with Iran a continuing counterattack, U.S. Ambassador to the U.N.

62.853 - 78.684 Mike Waltz

Mike Waltz just told Fox... The Iranian strategy of sowing chaos, shooting in all directions, hitting its Gulf neighbors, even hitting countries as far away as Turkey and Azerbaijan is absolutely backfiring. The day after the U.N. Security Council approved an anti-Iran resolution.

Chapter 3: How has the Iranian leadership changed recently?

78.724 - 86.4 Mike Waltz

All of the GCC countries. led by Bahrain, uniformly and publicly denounced Iran.

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86.5 - 103.073 Dave Anthony

Iran has bombed two oil tankers today off the Iraq coast and other cargo ships in the region and set fire to a fuel storage site in Oman. So there is a big stock market sell-off right now, and oil prices are spiking up another 7%. President Trump just posted on Truth Social, when those oil prices rise, we make a lot of money.

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103.053 - 112.772 Dave Anthony

But a far greater interest and importance is stopping an evil empire, Iran, from having nuclear weapons and destroying the Middle East. The president told reporters last night.

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112.992 - 117.822 Unknown

Most people say it's already been won. It's just a question of when. When do we stop?

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118.022 - 120.066 Dave Anthony

America's listening to Fox News. Fox News.

120.046 - 125.057 Ainsley Earhart

This is Ainsley Earhart. Thank you for joining me for the 52-episode podcast series, The Life of Jesus.

125.077 - 134.899 Unknown

A listening experience that will provide hope, comfort, and understanding of the greatest story ever told. Listen and follow now at foxnewspodcasts.com or wherever you listen to podcasts.

136.027 - 154.657 Dave Anthony

Now to Wall Street, where there is a sell-off that was brewing even before we got that statement a short time ago from Iran's Supreme Leader, the Dow, plunging 492 points. The Nasdaq is dropping 260. The S&P 500 is down 60 points. As for those oil prices, WTI, which we track daily, it's almost 95 bucks a barrel.

154.717 - 160.026 Dave Anthony

Brent crude is back up to 99, despite that big release of oil from reserves around the world.

Chapter 4: What impact does Iran's strategy have on regional stability?

166.856 - 185.102 Edward Lawrence

part of that 172 million barrels, 400 million barrels will be released overall. With the U.S. part, it's 41% of the Strategic Petroleum Reserve. Fox Business Network's Edward Lawrence at the White House. The Energy Secretary Chris Wright says the release from the U.S. Strategic Petroleum Reserve will happen over a four-month period.

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185.082 - 199.055 Dave Anthony

At the gas pump, another two-cent rise today, putting AAA's national average for regular at $3.59 per gallon, 61 cents higher than when the conflict started. Diesel is even pricier, now at $4.86 a gallon. We got this update to the economy this morning.

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199.396 - 223.306 Jenny Kosola

Fewer people signed up for unemployment benefits in the week ending March 7th. New claims declined by 1,000 to 213,000. Economists were expecting a slight increase to 215,000. And those remaining on benefits also declined in the week ending February 28th to 1.85 million in the range economists were predicting. The Federal Reserve meets next week.

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223.346 - 233.723 Jenny Kosola

It is watching any impact of higher oil prices and whether the job market is softening as it decides whether to lower interest rates. Jenny Kosola, Fox News.

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233.863 - 252.668 Dave Anthony

The quarterfinals are set at the World Baseball Classic and Team USA is in them. thanks to Italy's blowout win over Mexico 9-1 last night. That clinched spots into the next round for both the Italian and American teams. The U.S. plays Canada in the quarters tomorrow. I'm Dave Anthony, and this is Fox News.

253.729 - 267.385 Unknown

Join Fox in supporting our troops. From daily needs to global emergencies, help us be there for those who serve. Visit go.fox slash Red Cross to donate to service to the Armed Forces today.

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