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Vance says US petrol prices would triple without Navy
Published : Sunday, 18 October, 2026 at 12:28 PM
Observer Online Report
US Vice President JD Vance has claimed that petrol prices in the United States would be three times higher without the US Navy's presence in the Strait of Hormuz, expressing hope that fuel prices would fall once the conflict with Iran ends.
Vance made the remarks during a town hall event hosted by CBS News, where he addressed concerns over rising fuel prices and the ongoing conflict with Iran.
"Energy prices are very high right now," Vance said, adding that he expected petrol prices to start falling after the conflict ends.
He blamed the rise in fuel prices on the closure of the Strait of Hormuz and Iranian attacks on oil tankers. He said the situation was unprecedented, with a country attempting to disrupt global energy supplies.
Vance argued that petrol prices would be three times higher if the US Navy were not working to keep oil and gas shipments moving through the strategic waterway.
"If we leave and allow Iran to control shipping through the Strait of Hormuz, you will have to pay much more for petrol," he said.
Vance said keeping the Strait of Hormuz open remained a key US priority. Washington also wants a verifiable commitment from Iran that it will not rebuild its nuclear programme.
The Strait of Hormuz is one of the world's most important energy transit routes, carrying large volumes of oil and gas to international markets. Any disruption to shipping through the waterway can affect global energy supplies and prices.
-EM
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Editor : Iqbal Sobhan Chowdhury
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Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000.
Phone: PABX- 41053001-06; Advertisement: 41053012; 01793317829, 01550707291, E-mail: [email protected], [email protected] Online: email: [email protected] 41053014; 01550707297 Advertisement: 01550707296
