finance
Vice President Says U.S. Will Use Iran MoU to Refill Oil Supplies
Vice President JD Vance stated the U.S. will use the memorandum of understanding with Iran to replenish global oil stocks before deciding on further steps. The comments came in a Tuesday interview on The Michael Knowles Show.
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Vice President JD Vance said the United States plans to use the memorandum of understanding with Iran to refill global oil supplies and stockpiles. He made the remarks in an interview published Tuesday on The Michael Knowles Show. Vance said the goal is to restore oil levels and then assess the situation.
"I think what the president has told us to do is use this MoU to sort of refill the world's oil economy, to refill some stocks, and then to see where the hand is," he said. Vance added that two paths remain open. One involves a long-term deal if Iran meets verifiable commitments.
The other keeps open the option of additional actions if officials decide they are needed.
Knowles summarized the message as one of replenishing oil reserves and waiting 60 days for a response. Vance did not dispute that summary. Trita Parsi, executive vice president of the Quincy Institute for Responsible Statecraft, posted on X that the remarks have increased suspicion in Iran that conflict could resume despite the memorandum.
Parsi also noted Iranian concerns that Israel might launch an attack before its October elections.
