At an hour-long CBS News town hall in Michigan, Vice President JD Vance argued that the Trump administration's economic and Iran strategies will pay off over time, while acknowledging that cost-of-living concerns weigh heavily on voters. He said he hasn't decided whether to run for president in 2028, though he is widely seen as an early frontrunner for the Republican nomination. On the economy, Vance said the country is "turning the ship around" but that fixes will take time, as inflation remains above the Federal Reserve's 2% target. Gas prices have stayed high amid the Iran conflict and Iran's attacks on oil tankers, and Vance warned about the risk of Iran controlling shipping through the Strait of Hormuz.
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- 7 highlights from JD Vance CBS News town hall
Vice President JD Vance took voter questions during an hour-long town hall hosted by CBS News and aired on Saturday, with anchor Tony Dokoupil moderating. Vance argued that the Trump administration's economic and Iran policies will pay off over time, but acknowledged that fixing the economy will take more than 18 months. He said he has not decided whether to run for president in 2028, though he is widely viewed as an early frontrunner in the Republican primaries. On energy, he admitted gas prices are too high and pointed to Iran's attacks on oil tankers and the risk of Iran controlling shipping through the Strait of Hormuz. The discussion also reflected voter concern about cost of living, as inflation remains above the Federal Reserve's 2% target.
- Iran plan to open shipping lane still on the table
Foreign Minister Abbas Araqchi says Iran's seven-day proposal to reopen the Strait of Hormuz is still on the table, while Iran's security chief said talks had stalled over Washington's failure to address all seven conditions. Tehran's conditions include lifting the US blockade of its ports and sanctions on its oil exports, and ending hostilities on all regional fronts; if accepted, the strait could reopen within six days. Washington insists on addressing Iran's nuclear program from the outset, with Vice President JD Vance demanding a "meaningful" cut in uranium enrichment. Iran's Revolutionary Guards say two oil tankers caught fire after hitting naval mines, a claim IRNA reported without independent confirmation, and a container ship and a dry bulk carrier sank after being hit by projectiles. Attacks around the strait have surged over the past two weeks, adding to disruptions that have boosted global energy prices and inflation.
- Two tankers hit mines in Strait of Hormuz : Iran navy
Iran's Revolutionary Guards navy says two oil tankers caught fire after hitting naval mines while crossing the Strait of Hormuz, according to IRNA, and state media said each carried about 2 million barrels of crude. IRNA said the vessels had switched off their positioning and radar and used an unauthorised route, and that one was left immobilised; no independent confirmation was available. Maritime officials said on Wednesday that a container ship and a dry bulk carrier sank near the strait in separate incidents after being hit by projectiles. Attacks around the waterway have surged over the past two weeks, with Iran saying it is stepping up strikes in response to the US blockade of its ports and sanctions imposed last month. The strait, only 35 to 40 km wide at its narrowest point, is the centre of the Iran-US conflict, and limited access has pushed up fuel prices worldwide.
- Iran plan to open shipping lane still on the table
Iranian Foreign Minister Abbas Araqchi says Iran's seven-day proposal to reopen the Strait of Hormuz remains on the table, although Washington has not addressed all seven conditions, including lifting the US blockade of Iranian ports and sanctions on oil exports. He said that if the US accepted, the strait could reopen within six days, with talks resuming the next day. The main sticking point is Washington's demand that Iran's nuclear programme be addressed from the outset, with Vice President JD Vance calling for a “meaningful” cut in uranium enrichment capacity. Iran's Revolutionary Guards claimed two oil tankers caught fire after hitting naval mines, though this has not been independently confirmed. Maritime officials also reported that a container ship and a dry bulk carrier sank near the strait after being hit by projectiles, and attacks in the area have surged, pushing up global energy prices and inflation.
- Iran plan to open shipping lane still on the table
Iran's Foreign Minister Abbas Araqchi says Tehran's offer to reopen the Strait of Hormuz within seven days remains on the table, though Iran's security chief said talks stalled because Washington did not address all seven conditions. Iran wants the lifting of the US blockade on its ports and of sanctions on its oil exports, plus an end to hostilities on all regional fronts; if accepted, the strait could reopen within six days, with talks resuming the next day. Washington insists on addressing Iran's nuclear program from the outset, and Vice President JD Vance has said Iran must make a 'meaningful' cut to uranium enrichment capacity to end the eight-month war. Meanwhile, Iran's Revolutionary Guards navy says two oil tankers caught fire after hitting naval mines, a claim not independently confirmed, and maritime officials reported that a container ship and a dry bulk carrier sank near the strait after being hit by projectiles.
- Iran plan to open shipping lane still on the table
Iran's foreign minister Abbas Araqchi said Tehran's offer to reopen the Strait of Hormuz within seven days remains on the table while it reviews Washington's response. He said that if the US accepts Iran's conditions, including lifting the blockade on its ports, lifting sanctions on oil exports and ending hostilities on all regional fronts, the strait could reopen within six days. Washington insists that Iran's nuclear program be addressed from the outset, and Vice President JD Vance has demanded a 'meaningful' cut in Iran's uranium enrichment capacity to end the eight-month war. Iran's Revolutionary Guards navy said two oil tankers caught fire after hitting mines while crossing the strait, a claim IRNA reported without independent confirmation. A container ship and a dry bulk carrier also sank near the strait after being hit by projectiles in separate incidents, and attacks in the area have surged over the past two weeks.
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