Former US president Obama said Iran effectively holds a veto over transit through the Strait of Hormuz, through which global oil shipments pass, and that this is driving higher oil, diesel and broadly rising commodity prices; "no one disputes this,"

2026-10-25

Former US president Obama said Iran effectively holds a veto over transit through the Strait of Hormuz, through which global oil shipments pass, and that this is driving higher oil, diesel and broadly rising commodity prices; "no one disputes this," he added.