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US Vice President Reframes Iran Oil Policy

US Vice President Reframes Iran Oil Policy

The article discusses President Donald Trump's objectives in the context of the conflict with Iran, noting a shift in focus from efforts to change the regime in Iran to a less ambitious goal of containing its nuclear program and preventing it from acquiring nuclear weapons. Emphasis has been placed on reducing energy prices for American consumers. Vice President Mike Pence confirmed that the current priority is to keep oil and gas prices low, especially since they have risen due to market disruptions, while the issue of Iran’s nuclear program remains secondary, despite Trump reaffirming that ending this program remains a primary goal. Washington and Iran face numerous challenges, including halted negotiations and Iran’s refusal to restart dialogue, in addition to escalating attacks in the region and the Hormuz Strait crisis. These developments have led to a significant decline in global oil supplies and a sharp increase in prices, with gasoline in the United States reaching $4.06 per gallon, as vessel traffic through the strait decreased and global markets were heavily affected.

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