Vance says Hormuz stability will keep oil and gas prices steady

WASHINGTON, United States — WASHINGTON — U.S. Vice President James David Vance said restoring stability in the Strait of Hormuz would keep oil and gas prices steady. In remarks reported on Tuesday, Vance said the United States would reinforce its position and was confident the crisis would end only once Iran is prevented from acquiring a nuclear weapon. Vance argued that stability in the strategic waterway would guarantee balanced fuel prices for American consumers. He accused Iran of making commitments it failed to honor and of not complying with the terms of agreements it signed, adding that the situation with Iran has been volatile but that Washington has the tools to compel Tehran to take concrete steps. The vice president said the administration is focused on the energy file to ensure Americans can afford fuel prices. His comments come as tensions between Washington and Tehran continue to escalate over the Strait of Hormuz and freedom of maritime navigation, with both sides linking any ceasefire to their own conditions. No further details on the diplomatic track were immediately available.