That's why the price of oil went up, that's why the price of diesel went up, that's why the price of almost everything went up" Former US President Obama says Iran has veto power over the Strait of Hormuz, where oil goes to the world market.

That's why the price of oil went up, that's why the price of diesel went up, that's why the price of almost everything went up" Former US President Obama says Iran has veto power over the Strait of Hormuz, where oil goes to the world market.