Vance Says Cheap Oil and Gas Is Top U.S. Priority in Iran War
Low U.S. gasoline prices are the top priority of the Administration amid the war in Iran, Vice President JD Vance said, as the U.S.-Iran deadlock persists and the U.S. vowed to keep the blockade on Iran indefinitely. “I know that oil is down today and it's way down from the highs in the early days of the conflict,” Vance said on Fox News late on Thursday. “That's goal number one -- keep oil and…
Low U.S. gasoline prices are the top priority for the Administration amid the Iran war, Vice President JD Vance stated on Fox News. "Oil is down today and it's way down from the highs in the early days of the conflict," Vance said. "That's goal number one -- keep oil and gas cheap for Americans all over our country," he added. Americans are currently paying the highest gasoline prices this late in any year.
Vance emphasized the second goal, which is ensuring Iran never obtains a nuclear weapon. This statement comes hours before the U.S. vowed to escalate economic pressure on Iran and potentially keep the naval blockade of Iranian oil exports "indefinitely". Oil prices are expected to rise by 4% weekly as the U.S. and Iran show no progress towards a peace deal.
Meanwhile, the U.S. national average gasoline price remains above $4 per gallon this week, making it the most expensive since 2016. GasBuddy's Patrick de Haan noted that this is the highest August average price on record.
Written by urgent.news from OilPrice's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
