US Vice President Vance: Without the US Navy maintaining order in the Strait of Hormuz, gasoline prices would be three times higher than they are now.
U.S. Vice President J.D. Vance stated at a CBS town hall meeting that gasoline prices would be three times higher without the U.S. Navy maintaining oil and gas shipments in the Strait of Hormuz. He attributed current high oil prices to Iran's closure of the Strait of Hormuz and attacks on oil tankers, claiming that no country has ever attempted to completely choke off global energy supplies. Vance emphasized that keeping the Strait of Hormuz open remains a top priority for the United States, while also ensuring Iran makes verifiable commitments not to rebuild its nuclear program.
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