Barack Obama on Iran: Iran now has veto power over the Strait of Hormuz, where oil goes to the world market. This is why the price of oil has gone up. No one disputes that. This is why the price of diesel has gone up. This is why the price of almost everything goes up.

Barack Obama on Iran: Iran now has veto power over the Strait of Hormuz, where oil goes to the world market. This is why the price of oil has gone up. No one disputes that. This is why the price of diesel has gone up. This is why the price of almost everything goes up.