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International Business Times UK
International Business Times UK
Business
Jim Manzon

Iran's UN Defiance Keeps the Strait of Hormuz Question Open, and US Pump Prices Elevated This Fall

United Nations United States Iran Strait of Hormuz Hormuz Donald Trump Masoud Pezeshkian AAA Oil
Masoud Pezeshkian's defiant UN address drew a US walkout as crude oil holds near $100 a barrel and drivers feel the squeeze (Credit: clashreport/X)

Iran's president used the world's biggest diplomatic stage on Wednesday to refuse an unconditional reopening of the Strait of Hormuz, and the standoff over that single waterway is now landing squarely on what American drivers pay at the pump.

Masoud Pezeshkian told the United Nations General Assembly in New York that Iran would not surrender control of the strait, holding up photographs of children he said were killed by US and Israeli bombs. As he spoke, the US official present stood and left the hall, mirroring Iran's own walkout during President Donald Trump's address a day earlier.

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