US Vice-President JD Vance has accused Iran of engaging in 'economic terrorism' by disrupting shipping in the Strait of Hormuz, a vital route for global oil supplies. Speaking on Fox News, Vance warned that the US would respond if these actions continue, suggesting that 'no Iranian ships are getting out either.' He referenced former President Donald Trump's approach, indicating a potential escalation in US responses. Vance also discussed recent talks between US and Iranian officials, noting progress but emphasizing that the next steps depend on Iran's willingness to meet US demands. Key conditions include US oversight of Iran’s enriched uranium and a verification mechanism to prevent nuclear weapon development. The ongoing tensions in the Strait of Hormuz could significantly impact global energy supplies and prices, as both nations navigate a complex diplomatic landscape.