Vance Reveals Trump's Oil Plan, US VP Says Iran MOU A Tactical Op To 'Refill World’s Oil Economy'

US Vice President JD Vance has revealed key details of the Trump administration's strategy on Iran, saying the recent understanding with Tehran is aimed at stabilising global oil markets before deciding Washington's next course of action.

Speaking about the Iran deal, Vance said the US wants to "refill the world's oil economy" and then assess its next move, while making it clear that both diplomacy and military options remain on the table. He outlined two possible paths ahead: negotiating a long-term agreement with Iran or leveraging recent military gains if Tehran fails to meet US expectations.

Meanwhile, Doha-hosted talks mediated by Qatar and Pakistan focused on implementing the US-Iran memorandum of understanding (MoU). Discussions reportedly covered the possible release of $3 billion in frozen Iranian funds for humanitarian purposes, alongside the creation of a direct US-Iran emergency hotline to prevent future escalation.

What is Trump's Iran strategy? Why are oil markets central to Washington's approach? And what could happen if diplomacy fails?

Watch the full report for all the key developments.

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