Vance pressed on whether Iran war will be resolved before US midterm elections
US Vice President Vance addressed concerns regarding high gas prices, attributing them to global instability and Iranian actions against commercial shipping. He defended the administration's energy strategy, including the Venezuelan oil deal, while criticizing European allies for their lack of contribution to market stability.
Why it matters
The comments reflect the administration's geopolitical approach to energy security and the ongoing political debate surrounding domestic inflation.
Vance is asked when Americans can expect lower gas prices.
"We're talking about things that are inherently unpredictable," he says, but adds that the part of the reason for the high prices is "because the Iranians are shooting at commercial shipping".
The vice-president says it's important that the US not be too reliant on one energy supply, and he again praises the Venezuelan oil deal as "so important".
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