Pakistan, Oct. 18 -- US Vice President JD Vance said petrol prices would be much higher without the US Navy's presence in the Strait of Hormuz. He acknowledged that fuel costs remain elevated but predicted they would fall after the US-Israel war on Iran ends. Vance blamed Iran's restrictions on shipping and attacks on tankers for disrupting global energy supplies. He argued that allowing Tehran to control the strategic waterway would further increase costs for consumers.

Vance claimed petrol prices would be three times higher without the US Navy helping oil and gas shipments move through the strait. He said Iran's actions had created an unprecedented threat to international energy supplies. Meanwhile, a tugboat was struck by two unidenti...