Tehran warns of ‘significant costs’ if pressure continues

Tehran warns of ‘significant costs’ if pressure continues Iran’s first vice president, Mohammad Reza Aref, said the “security of the Strait of Hormuz is not free”, warning that restrictions on Iran’s oil exports would have wider consequences. “One cannot restrict Iran’s oil exports while expecting free security for others,” he said in a post on X. “The choice is clear: either a free oil market for all, or the risk of significant costs for everyone,” Aref said.