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Vance claims petrol prices would be ‘3 times as high’ without US Navy in Strait of Hormuz

Vance said U.S. naval escorts could keep fuel flowing through the waterway and prevent gasoline prices from rising sharply.

  • Vice President Vance acknowledged that "gas prices are too high right now," but asserted they would be "three times as high if it weren't for the Navy keeping oil and gas moving out of the Strait of Hormuz."
  • Blaming Iran for high prices, Vance said the country is "trying to completely choke off world energy supply" by closing the Strait and attacking tankers.
  • A Tugboat traveling southbound was struck by two unknown projectiles northeast of Khor Fakkan in the UAE on Sunday, leaving one person with minor injuries, the UKMTO reported.
  • While the Navy guided ships along a route off Oman's coast, Iran's Islamic Revolutionary Guard Corps reported two oil tankers caught fire in the Strait after striking naval mines.
  • Speaking at a rally in Kentucky, President Donald Trump said the war on Iran would end "very quickly," signaling administration confidence in resolving the conflict.
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U.S. Vice President J. D. Vance said at a meeting with voters in Michigan that Joe Biden's administration policy had led to a significant reduction in US refining capacity and increased fuel costs. The Vice President responded to a question from Detroit about the reasons for the high fuel prices. Vance noted the impact of Iran's attacks on commercial vessels, but placed primary responsibility on the previous administration, transmitting Fox News…

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Southbound vessel sustains damage but continues on its route following incident northeast of Khor Fakkan

·Ankara, Türkiye
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Arab News broke the news in Riyadh, Saudi Arabia on Sunday, October 18, 2026.
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