geopolitical · geopolitical
Vance says oil traffic through Strait of Hormuz has returned to pre-war levels
Vance says oil traffic through Strait of Hormuz has returned to pre-war levels US Vice President JD Vance says oil traffic through the Strait of Hormuz has "reached its pre-war height". "The Strait is open in the sense that we're seeing more oil come out," Vance said. "Some days there's actually more oil coming out of the Strait than before the war even started, so there's this element that the world economy is coming back into gear. That will take time, but we've already seen prices go way down." Vance also said that the Lebanon-Israel peace deal and the memorandum of understanding signed between the United States and Iran both affirm that Lebanon's territorial integrity will be respected. "If you harmonise the Lebanon-Israel peace deal with the MoU signed between the US and Iran, what both of those documents fundamentally say is that Lebanon's territorial integrity will be respected," he said.