Federal Communications Commission (FCC) Chairman Brendan Carr on Saturday threatened to revoke broadcast licenses after President Trump complained about how some networks are covering the joint U.S.-Israeli military operation in Iran.

Recent threats from Trump and FCC Chair Brendan Carr have revived a long-running debate about how much power regulators actually have over TV news organizations. Over the weekend, the Trump administration threatened the broadcast licenses of news organizations that it claims are reporting unfair or distorted news about the war in Iran.

CNN stood by its reporting on Iran Friday as officials from the Trump White House continued to decry "fake news!" "We stand by our journalism," CEO Mark Thompson said in a statement, emphasizing, "Politicians have an obvious motive for claiming that journalism which raises questions about their decisions is false.

The Trump administration continues to grapple with the closure of the Strait of Hormuz, which has spiked oil and gas prices.

He also warned that NATO faces a “very bad future” if US allies fail to assist in securing the crucial waterway.

Donald Trump's £370 million ($475 million) defamation lawsuit against CNN, built around the phrase 'Big Lie,' has been extinguished by a federal appeals court after not a single judge on the full bench agreed to reopen it.