Iran’s Foreign Minister Abbas Araghchi stated on March 14, 2026, that the Strait of Hormuz is open to all countries except the United States and Israel, describing it as closed only to “tankers and ships belonging to our enemies, to those who are attacking us and their allies.” The statement came immediately after U.S. The post Assessing Iran’s Ability to Hold the World’s Oil Supply Hostage appeared first on The Gateway Pundit .