US-Israel-Iran War Latest Live News: The continuing war between the US and Israel and Iran is still a looming threat to the global energy supply and maritime security as well as fuel prices. US Vice President JD Vance has justified the presence of the US Navy in the Strait of Hormuz by saying that the cost of petrol would be triple if the US were not exerting effort to ensure oil and gas transportation.
However, new maritime security cases near UAE and Yemen have emerged recently, posing concern for the commercial shipping in the region.
US-Israel-Iran War Latest Live News: Vance Warns of Higher Petrol Prices Without US Navy
When addressing a CBS News town hall forum, Vance stated that gasoline prices are still high, but he believes that the US Navy is helping keep things from becoming an energy disaster. He went on to say that fuel prices would be “three times as high” if the U.S. Navy were pulled back to Washington and let Iran take control of the passage of fuel tankers through the Strait of Hormuz.
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The reason for the increase in energy prices is, according to him, because of the limitations placed on the waterway by Iran. He believes that once the war comes to an end, fuel prices will fall.
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