NBC News' Julie Tsirkin Reports

Iran has called on the United States to "accept the reality of defeat and stop indulging in delusions" after President Trump suggested he would soon declare the Strait of Hormuz a territory of the United States. The defiant statement from Tehran came in response to Trump's remarks about the strategic waterway, a vital chokepoint for global oil shipments. NBC News' Julie Tsirkin reports. The Strait of Hormuz, located between Iran and Oman, is a critical passage through which a significant portion of the world's crude oil travels.