Barack Obama: Iran now has veto power over the Strait of Hormuz Iran now has veto power over the Strait of Hormuz, through which oil is transported to the world market. This is the reason for the increase in oil prices. No one disputes that. This is the reason for the increase in diesel prices. This is the reason for the price increase of almost everything. our news he.

Barack Obama: Iran now has veto power over the Strait of Hormuz Iran now has veto power over the Strait of Hormuz, through which oil is transported to the world market. This is the reason for the increase in oil prices. No one disputes that. This is the reason for the increase in diesel prices. This is the reason for the price increase of almost everything. our news he.