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16 Jun 2026


JD Vance backs US-Iran deal as Hormuz fears ease

Ceasefire framework offers relief to energy markets as shipping resumes through key oil route

US Vice President JD Vance has said the United States is not seeking a prolonged conflict with Iran and remains focused on preventing Tehran from developing a nuclear weapon. Speaking amid heightened tensions in the Middle East, Vance said Washington’s objective was to ensure regional stability while protecting American interests and allies.

His remarks came as concerns grew over the possibility of disruptions to shipping through the Strait of Hormuz, one of the world’s most important energy corridors. Vance argued that it would make little economic sense for Iran to block the waterway, noting that such a move would hurt Iran’s own economy as well as global energy markets.

The Strait of Hormuz handles roughly a fifth of the world’s oil shipments, making it a critical route for global trade. Any disruption could send oil prices sharply higher and increase fuel costs for consumers worldwide. Markets have therefore been closely monitoring developments in the region.

Vance said the Trump administration was pursuing a strategy aimed at reducing tensions while maintaining pressure on Iran over its nuclear activities. He expressed confidence that diplomatic and economic measures could help avoid a wider regional conflict.

The comments provided some reassurance to investors, with energy markets reacting cautiously to signs that both sides may seek to avoid further escalation. Analysts said the prospect of Hormuz remaining open has helped ease immediate concerns about global oil supplies.

Despite the relatively optimistic tone, uncertainty remains. Iran has not ruled out retaliatory measures following recent military and political tensions, and regional governments continue to monitor the situation closely.

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