All posts tagged: @NG26U

JD Vance says economic pressure is best way to meet objectives in Iran

JD Vance says economic pressure is best way to meet objectives in Iran

U.S. Vice President JD Vance speaks to members of the media before boarding Air Force Two, after the U.S. and Iran held high-level talks at the Lake Lucerne Summit, at Emmen Military Air Base June 22, 2026 in Emmen, Switzerland. Nathan Howard | Getty Images Economic pressure is the United States’ “most effective tool” against Iran, according to U.S. Vice President JD Vance. Speaking on a podcast, Vance said that the move was “a delicate dance” as both sides apply pressure to each other, but added that “what has been true over the last couple of weeks is they felt a lot more pressure than we have.” His comments come after U.S. President Donald Trump said the U.S. will launch what he called the “most crushing economic operation ever taken against any country” against Iran. Trump also threatened severe financial penalties on any nation that helps Tehran evade sanctions, and added that “this will be Economic Warfare and Isolation on an unprecedented scale.” Vance, in his remarks, said pump prices for Americans are still elevated, …

JD Vance says economic pressure is best way to meet objectives in Iran

JD Vance says economic pressure is best way to meet objectives in Iran

U.S. Vice President JD Vance speaks to members of the media before boarding Air Force Two, after the U.S. and Iran held high-level talks at the Lake Lucerne Summit, at Emmen Military Air Base June 22, 2026 in Emmen, Switzerland. Nathan Howard | Getty Images Economic pressure is the United States’ “most effective tool” against Iran, according to U.S. Vice President JD Vance. Speaking on a podcast, Vance said that the move was “a delicate dance” as both sides apply pressure to each other, but added that “what has been true over the last couple of weeks is they felt a lot more pressure than we have.” His comments come after U.S. President Donald Trump said the U.S. will launch what he called the “most crushing economic operation ever taken against any country” against Iran. Trump also threatened severe financial penalties on any nation that helps Tehran evade sanctions, and added that “this will be Economic Warfare and Isolation on an unprecedented scale.” Vance, in his remarks, said pump prices for Americans are still elevated, …

JD Vance says economic pressure is best way to meet objectives in Iran

JD Vance says economic pressure is best way to meet objectives in Iran

U.S. Vice President JD Vance speaks to members of the media before boarding Air Force Two, after the U.S. and Iran held high-level talks at the Lake Lucerne Summit, at Emmen Military Air Base June 22, 2026 in Emmen, Switzerland. Nathan Howard | Getty Images Economic pressure is the United States’ “most effective tool” against Iran, according to U.S. Vice President JD Vance. Speaking on a podcast, Vance said that the move was “a delicate dance” as both sides apply pressure to each other, but added that “what has been true over the last couple of weeks is they felt a lot more pressure than we have.” His comments come after U.S. President Donald Trump said the U.S. will launch what he called the “most crushing economic operation ever taken against any country” against Iran. Trump also threatened severe financial penalties on any nation that helps Tehran evade sanctions, and added that “this will be Economic Warfare and Isolation on an unprecedented scale.” Vance, in his remarks, said pump prices for Americans are still elevated, …

Trump’s Oman bomb threat an attempt to get their ‘attention’: Ex-ambassador

Trump’s Oman bomb threat an attempt to get their ‘attention’: Ex-ambassador

U.S. President Donald Trump speaks during a news conference in James S. Brady Press Briefing Room of the White House on April 06, 2026 in Washington, DC. Alex Wong | Getty Images News | Getty Images U.S.-Iran peace talks have effectively stalled, a former U.S. ambassador told CNBC on Tuesday, with Washington pursuing a diplomatic solution that was never “seriously on the table.” The 60-day window for a negotiated settlement closed without a breakthrough on Monday, with ships still unable to safely transit the Strait of Hormuz. U.S. President Donald Trump on Monday threatened to bomb Oman — an ally of Washington — if it “gets in the way” of negotiations with Iran. Tehran is in active talks with Oman over a deal to reopen the Strait of Hormuz, a critical route for international shipping that has become a key sticking point in negotiations with U.S. representatives. Speaking to CNBC’s Access Middle East on Tuesday, Marc Sievers, who served as U.S. ambassador to Oman between 2016 and 2019, said Trump’s threat to bomb the country …

Trump signals shift to economic pressure as Iran hardens Hormuz stance

Trump signals shift to economic pressure as Iran hardens Hormuz stance

US President Donald Trump steps off of Air Force One upon arrival at Newark Liberty International Airport in Newark, New Jersey, on August 7, 2026. Kent Nishimura | Afp | Getty Images U.S. President Donald Trump has signaled he’s prepared to let economic pressure take its toll on Iran rather than launching further military strikes, as Tehran insists the Strait of Hormuz will only reopen if Washington agrees to several conditions. Trump, who last week projected confidence in an imminent deal between Washington and Tehran, told Axios on Sunday that he is prepared to wait for economic distress to mount in Iran, backing away from a renewed military offensive. “We are low-keying it,” Trump said, “We are only semi-negotiating with them. We are just watching Iran with its huge inflation and the fact they have no money.” The president also posted a chart on Truth Social showing the plunging value of the Iranian rial between 2025 and now, with the title “Iran has no money” and “currency is trash” in text. Iranian officials have set …

Trump signals shift to economic pressure as Iran hardens Hormuz stance

Trump signals shift to economic pressure as Iran hardens Hormuz stance

US President Donald Trump steps off of Air Force One upon arrival at Newark Liberty International Airport in Newark, New Jersey, on August 7, 2026. Kent Nishimura | Afp | Getty Images U.S. President Donald Trump has signaled he’s prepared to let economic pressure take its toll on Iran rather than launching further military strikes, as Tehran insists the Strait of Hormuz will only reopen if Washington agrees to several conditions. Trump, who last week projected confidence in an imminent deal between Washington and Tehran, told Axios on Sunday that he is prepared to wait for economic distress to mount in Iran, backing away from a renewed military offensive. “We are low-keying it,” Trump said, “We are only semi-negotiating with them. We are just watching Iran with its huge inflation and the fact they have no money.” The president also posted a chart on Truth Social showing the plunging value of the Iranian rial between 2025 and now, with the title “Iran has no money” and “currency is trash” in text. Iranian officials have set …

Trump teased Iran deal, markets soared. Why it keeps happening

Trump teased Iran deal, markets soared. Why it keeps happening

U.S. President Donald Trump speaks during an event in the Oval Office of the White House on Aug. 6, 2026 in Washington, DC. Alex Wong | Getty Images The Trump administration this week sparked enthusiasm that the U.S. and Iran could soon strike a deal on the Strait of Hormuz, driving down oil prices and sending stocks soaring — only for no deal to emerge. If that sounds familiar, it may be because President Donald Trump has claimed dozens of times that the U.S. is close to an agreement that will end the war it began more than five months ago. Investors have reacted to many of those claims with bursts of buying on hopes a breakthrough is near, even as the war instead appears to be widening and progress on Trump’s chief stated goal — containing Iran’s nuclear ambitions — is at a standstill. “There’s tremendous optimism bias in the market,” Helima Croft, global head of commodity strategy at RBC Capital Markets, told CNBC. Markets continue to assume incentives for both the U.S. and …

Top Democrat proposes killing tax breaks for overseas oil production

Top Democrat proposes killing tax breaks for overseas oil production

U.S. Sen. Martin Heinrich (D-NM) speaks to reporters after a roundtable on rising energy costs on Capitol Hill on March 17, 2026 in Washington, DC. Anna Moneymaker | Getty Images Sen. Martin Heinrich will introduce a bill, shared exclusively with CNBC, to end tax breaks for U.S. oil and gas companies that operate overseas while the industry reaps massive profits as the war with Iran spikes oil prices. The bill comes days after President Donald Trump ripped major U.S. oil and gas producers for making “too much money” amid the conflict that has raised gasoline prices, and warned that companies like ExxonMobil and Chevron are going to have to “give some of that back to the public, and they better cut the retail price, the consumer price.” Trump has, at the same time, pushed U.S. oil and gas companies to invest in Venezuela after he ousted the country’s former president, Nicolás Maduro. Heinrich, D-N.M., who is the top Democrat on the Senate Energy and Natural Resources Committee, said the bill would “help put American energy …