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A tit-for-tat response against the U.K. is coming from an Iranian official. Melissa Duggan on the threat that follows the seizure of an oil tanker suspected of carrying Iranian oil to Syria.

A top Iranian official said that Tehran should seize a British oil vessel, if London refuses to release an Iranian oil tanker detained in Gibraltar. The ship was intercepted Thursday on the suspicion of carrying Iranian crude oil to Syria, which would be a violation of European Union sanctions.

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On Friday, Iran threatened to seize a British ship after Royal Marines captured an Iranian supertanker. Fox Newsā€™ Lucas Tomlinson and William Ruger, vice president for research and policy at Charles Koch Institute, react to the threat and the rising tensions between the U.S. and Iran.

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York ā€” the business capital of the world ā€” FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. read more