Obama: Iran has a right of veto on the Strait of Hormuz.
Seven months into the war with Iran, how are things progressing? Seven months after Trump declared victory. Our allies and bases have been attacked. Americans were killed, hundreds of Americans were injured. The US missile stockpiles have run out, and Iran now holds veto power over the Strait of Hormuz, where oil passes through and reaches global markets. This is the reason for the increase in the price of oil, and no one doubts it. This is why the price of diesel has gone up and the price has gone up.