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Economic pressure a 'delicate dance' against Iran, most effective tool: JD Vance
๐Ÿ‡ด๐Ÿ‡ฒ Oman /Economy & Trade

Economic pressure a 'delicate dance' against Iran, most effective tool: JD Vance

From Times of Oman · () English

Summarized and contextualized by DistantNews.

At a glance

News From a news agency Context piece
  • U.S. Vice President JD Vance stated that economic pressure is Washington's most effective tool against Iran.
  • Vance described the strategy as a "delicate dance" due to potential reciprocal economic measures.
  • The U.S. aims to prevent Iran from rebuilding its nuclear capabilities and influence its decision-making through sanctions.

U.S. Vice President JD Vance asserted on Thursday that economic pressure remains Washington's most potent instrument for dealing with Iran, characterizing the approach as a "delicate dance." Vance explained that while the U.S. can leverage economic measures to influence Tehran, Iran might retaliate with its own economic tactics.

The most effective tool that we have is the economic pressure we can apply to them. And this is a delicate dance, because we apply economic pressure to them, they're going to try to apply economic pressure to us.

โ€” JD VanceJD Vance describing the U.S. approach to economic pressure against Iran.

"The most effective tool that we have is the economic pressure we can apply to them. And this is a delicate dance, because we apply economic pressure to them, they're going to try to apply economic pressure to us," Vance said, according to CNN. He noted that Iran has recently felt more pressure than the U.S.

Vance acknowledged the current rise in oil prices but assured that the administration is working to maintain energy supplies through the Strait of Hormuz. "Obviously oil prices are elevated, which people see at the pump," he said. "They are trying to close the Strait down, and if we can, you know, not even get it back to where it was before, but if we can get enough oil and gas out to give some Americans some ease at the pump, some ease on energy prices."

Obviously oil prices are elevated, which people see at the pump. They are trying to close the Strait down, and if we can, you know, not even get it back to where it was before, but if we can get enough oil and gas out to give some Americans some ease at the pump, some ease on energy prices.

โ€” JD VanceJD Vance discussing oil prices and energy supply concerns.

According to CNN, Vance also stated that maintaining pressure on Iran regarding attacks on commercial vessels would influence Tehran's strategic decisions. "Meanwhile, the Iranians are punished for shooting at commercial ships. That just applies a lot of economic pressure to them, and that changes their calculus for you know what kind of a deal they want to make," he added.

Meanwhile, the Iranians are punished for shooting at commercial ships. That just applies a lot of economic pressure to them, and that changes their calculus for you know what kind of a deal they want to make.

โ€” JD VanceJD Vance explaining how pressure on Iran regarding commercial ship attacks influences their decision-making.

The broader objective of U.S. policy, Vance explained, is to prevent Iran from advancing its nuclear capabilities. "What we are trying to do is create a changed reality on the ground, where not just we can say with confidence their facilities have been destroyed; we can also say with confidence they're never going to try to rebuild, and that's the phase that we're in now," he said. These remarks follow the U.S. announcement of new sanctions against Iran, which Tehran has condemned as "economic terrorism" and "crimes against humanity."

What we are trying to do is create a changed reality on the ground, where not just we can say with confidence their facilities have been destroyed; we can also say with confidence they're never going to try to rebuild, and that's the phase that we're in now.

โ€” JD VanceJD Vance outlining the U.S. objective regarding Iran's nuclear facilities.
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Originally published by Times of Oman. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.