Iran's First Vice President: Strait of Hormuz Security Not Free Without Lifting Oil Embargo

GateNews

Gate News message, April 20 — Iran’s First Vice President Mohammad Aref stated on social media that the country cannot accept restrictions on its oil exports while other nations expect “free safe passage” through the Strait of Hormuz. Aref said, “The security of the Strait of Hormuz is not free,” and presented a choice: either ensure “a free oil market open to all countries” or face “massive costs for everyone.”

Aref added that global fuel price stability depends on whether the economic and military pressure imposed on Iran and its allies receives a guaranteed, lasting end. The statement reflects Iran’s position that maritime security in the strategic waterway is linked to broader geopolitical and economic conditions affecting the nation.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Oil Prices Rise Over 2% Amid U.S.-Iran Talks Stalemate and Hormuz Strait Constraints

Gate News message, April 26 — Global crude oil prices climbed on April 27 as U.S.-Iran peace negotiations stalled and shipping constraints persisted in the Strait of Hormuz, tightening global crude supply. Brent crude futures rose $2.22, or 2.11%, to $107.55 per barrel, while West Texas Intermediate

GateNews29m ago

CFTC Faces Enforcement Crisis as 24% Staff Cuts Hit Insider Trading Oversight in Crypto and Prediction Markets

Gate News message, April 26 — The U.S. Commodity Futures Trading Commission (CFTC) has cut 24% of its workforce since Donald Trump returned to office, leaving the agency at its lowest staffing level in 15 years amid growing insider-trading risks across crypto, oil futures, and prediction markets. Th

GateNews1h ago

Trump Says Iran Should Act Wisely, but U.S. Will Win Regardless

Gate News message, April 26 — In an interview on April 26, U.S. President Trump commented on the Iran situation, stating that America's greatest advantage is having destroyed Iran's navy and air force, with Iran's leadership now replaced. Trump noted that the current Iranian leadership is mixed—some

GateNews8h ago

Hong Kong Finance Chief Chen Maobo: Global Asset Allocation Diversification Accelerates, Digital Asset ETFs Emerge as Key Investment Option

Gate News message, April 26 — Hong Kong's Financial Secretary Chen Maobo published a commentary titled "Converging Greater Energy Through Innovation and Collaboration," outlining the latest perspectives on global asset allocation trends and ETF market development. Chen emphasized that global

GateNews15h ago

Super Central Bank Week: Fed Rate Decision and Key Economic Data Releases Amid Geopolitical Tensions

Gate News message, April 26 — The week ahead marks a "super central bank week" with the U.S. Federal Reserve set to announce its interest rate decision. Markets have tracked Middle East developments closely, with U.S. stock indices reaching all-time highs despite ongoing geopolitical risks. Key

GateNews20h ago

Trump Cancels Envoy Trip to Islamabad After Iran Stands Up US Negotiations

Gate News message, April 25 — President Donald Trump announced on Saturday that he had canceled a planned trip by US envoys to Islamabad, Pakistan, to meet with Iranian leaders after Iran's representatives indicated they would not attend. Steve Witkoff and Jared Kushner were expected to travel for t

GateNews04-25 16:05
Comment
0/400
No comments