BUERGENSTOCK, Switzerland, June 22 (Xinhua) -- U.S. Vice President JD Vance said here on Monday that the Strait of Hormuz is open and crude oil and natural gas are flowing through.
"We wanted to build a mechanism for keeping the Strait of Hormuz open. It is open," said Vance as he delivered remarks at the Swiss resort of Buergenstock following talks with Iranian negotiators.
Gas prices and oil prices come down, millions and millions of barrels of crude and natural gas flowing through the Strait of Hormuz that weren't flowing before, he added.
The Strait of Hormuz handles roughly 20 percent of the world's seaborne oil flows. Iran tightened its grip on the Strait of Hormuz after Israel and the U.S. launched their joint strikes on Iran on Feb. 28. The U.S. imposed a naval blockade targeting ships going to and from Iran. ■
