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JD Vance highlights economic pressure as the primary tool against Iran during ongoing conflict

Vice President JD Vance stated that economic pressure serves as Washington's most effective tool in the ongoing conflict with Iran. He described the confrontation as a "delicate dance" where both sides seek to exert leverage, noting that Iran has faced significant pressure in recent weeks. These remarks follow a move by the administration to utilize severe financial penalties to isolate Tehran. While U.S. gasoline prices remain elevated, Vance noted they have fallen substantially due to military efforts to move oil and gas through the Strait of Hormuz. The administration's strategy focuses on economic isolation rather than a large-scale kinetic restart. Treasury Secretary Scott Bessent also emphasized that the U.S. will create the greatest coordinated economic isolation in history against Iran. Simultaneously, the stock market showed signs of recovery, with the Dow Jones Industrial Average and other major indexes finishing strong. Investors showed an appetite for risk, lifting bitcoin to a three-month high and bolstering crypto-related stocks. Meanwhile, the U.S. Treasury Department announced it would double the size of government debt buybacks to manage market pressure.

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