Washington:Former US President Barack Obama has asserted that Iran now possesses veto power over the strategically important Strait of Hormuz.

According to Islamic Republic News Agency, Obama criticized former President Trump's decision to initiate what he described as an unnecessary war with Iran. He mentioned that this conflict has resulted in US allies and bases being targeted, Americans being killed, and hundreds more wounded. Furthermore, Obama noted that the war has significantly depleted the United States' missile stockpiles.

Obama attributed the rise in oil and diesel prices to this conflict, implying that the instability in the region has had far-reaching economic impacts.