Oil prices reverse course after Trump said U.S. doesn't need Iran deal
Brent crude climbed as much as 1.8% to top $94 a barrel after falling on signs of higher Saudi exports
President Donald Trump urged Vice President JD Vance to concentrate on combating crime and corruption within Democratic-controlled US cities, asserting that such efforts could prove more financially beneficial than negotiating with Iran, according to a statement shared on social media. Trump emphasized that balancing the federal budget could be achieved by addressing widespread criminal activity, declaring, "CORRUPTION is in the Democrat Leadership’s blood!"
He further stated that the United States already possesses billions of dollars in Iranian funds and control over the Strait of Hormuz, rendering the pursuit of a new deal with Iran unnecessary.
In an apparent shift, Vance distanced himself from Trump's stance on the Iran conflict shortly after the vice president took on the task of mediating the situation. This change came in the wake of a significant Republican defeat in the midterm elections, attributed by Trump to the costly and unsuccessful Iran war. Vance acknowledged an earlier suggestion to end the war as "sound advice" and questioned the viability of continuing the conflict in light of the political repercussions.
Distinguished as a potential 2028 presidential candidate, Vance also expressed his belief that efforts to resolve the Iran issue might not be worth the expense, in alignment with Trump's broader criticism of Democratic-run municipalities concerning immigration and alleged corruption.
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