JD Vance blames Iran for high gas prices
1 Video View·Sep 4, 2026
Vice President JD Vance blamed Iran for rising gas prices and said he “won’t make a promise” about when they might fall. Treasury Secretary Scott Bessent had predicted prices could hit $3 a gallon by Labor Day. Gas prices are now averaging above $4 a gallon.
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Video Summary
AI GeneratedThe discussion addresses the unpredictability of gas prices and the reasons why previous predictions of $3 gas by Labor Day were not met. The focus is on the geopolitical instability caused by Iran's attacks on commercial shipping and the strategic efforts being made to prevent a global energy crisis while stopping nuclear proliferation.
On July 2nd, Treasury Secretary Besant was asked when Americans could see $3 gas again and he said
maybe by Labor Day. Things haven't worked out that way but do you have a new timetable for Americans
on when they could expect lower gas prices and should they not expect to see $3 gas again
until at least 2027? Well in defense of Scott he said maybe by Labor Day because we're talking
about things that are inherently unpredictable and I think it's important you know I'm a strong
believer that the American people are our fellow citizens and we should speak with them honestly
about these things and the fundamental reality is that the reason gas prices are so high right now
is because the Iranians are shooting at commercial shipping. Even by the way when they signed an
agreement that said we're going to stop shooting at commercial shipping they almost immediately
went back to shooting at commercial shipping and we're going to do what we have to do in order to
ensure that their efforts don't lead to a worldwide energy crisis. Now we've been quite successful up
to this point. Gas frankly could have been much much higher were it not for our efforts but I'm
not going to make a promise about when it's going to return to $3. What I will say is that we have
to remember why are we doing this. Number one it's so that Iran never has a nuclear weapon and number
two what we're doing right now is protecting commercial shipping in order to ensure that
we don't have a worldwide energy crisis.