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J. D. Vance: “Their [Iran's] economy is in a free fall.”

Featuring: J. D. Vance, Republican | Vice President of the United States | National

Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026

Published June 18, 2026 | Video Starts at 00:30

But you said that millions of dollars is a lifeline. Right now the Iranian nation is a nation of 94 million people. Their [Iran's] economy is in a free fall. They have sky high inflation and fundamentally about a trillion dollars of damage to their industrial base was caused by over the last three months the idea that selling a … (00:30–32:00)

CLAIM

Asserts that Iran's economy is rapidly declining.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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J. D. Vance

“Last night, 12.5 million barrels of oil went through the Strait of Hormuz.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 00:21-00:26
“Their nuclear program has been completely destroyed.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 01:08-01:12
“In 2015, Iran had built a sophisticated nuclear weapons program with a nuclear weapons stockpile.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 21:12-21:20
“The Obama deal gave them over a billion dollars of American money. This deal gives them $0 of American money.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 22:01-22:09
“About a trillion dollars of damage to their [Iran's] industrial base was caused over the last three months.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 32:02-32:18
“US intelligence estimates that Iran still retains roughly 70% of its pre-war ballistic and cruise missile stockpile.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 37:15-37:23
“The President's peace plan in Iran is already bearing real fruits for the American people.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 00:16-00:21
“Oil prices are down nearly at their level from the pre-war conflict.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 00:28-00:33
“Gas prices dropped below $4 a gallon today for the first time since the conflict.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 00:32-00:38
“The Iranians for the second night in a row did not shoot at any ships in the Strait of Hormuz.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 00:44-00:50
“CENTCOM has allowed north of a dozen ships to go through our naval blockade.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 00:53-00:58
“Their conventional military is still destroyed.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 01:19-01:23
“If [Iran] doesn't [behave like a normal country], as so many people think that it never will, then it doesn't get any of the economic…”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 02:00-42:55
“The United States isn't giving up a cent of money to Iran.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 03:14-03:19
“The sanctions relief and so forth that comes along with this bargain only happens if the Iranians perform.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 03:20-03:27
“The 60 day period officially started today.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 05:50-05:54
“We destroyed a substantial number of their ballistic missiles and their, excuse me, ballistic missile launchers themselves.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 06:32-06:39
“Iran is not funding regional instability, funding regional terrorism, and of course trying to rebuild their nuclear weapons program.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 07:21-07:31
“The nuclear weapons program is destroyed. It is gone.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 07:32-07:36
“If the Iranians decided tomorrow to build a nuclear weapon, they simply don't have the capacity in order to do that.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 07:35-07:42
“We have them in an economic chokehold right now that we're not going to release until they fundamentally change their behavior.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 08:29-08:35
“The Iranians have been completely unable to sell oil, not because of sanctions, but because the blockade.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 11:41-11:49
“We said we're going to lift the blockade, we're going to allow you to sell some of your oil and they're going to open the Strait of Hormuz.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 11:53-12:01
“We believe international waterways should be free of tolls.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 12:37-12:41
“The Omanis, the Iranians and the Gulf coast coalition together will figure out a proper security framework for the straits in the future.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 13:00-13:09
“We have all the cards. If the Iranians want the benefits of the bargain, they have to give us the things that are necessary to get those…”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 13:38-13:46
“We do plan to brief Congress very soon.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 14:28-14:31
“The choke point on Iranian oil was never the sanctions.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 15:04-15:08
“The sanctions were just fundamentally ineffective at that point.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 15:19-15:23
“By lifting the sanctions, we're actually going to be able to see a little bit where their financial system actually sends money and receives…”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 15:32-15:39
“We feel quite confident that we can temporarily lift those sanctions without going to Congress and seeking their approval on that.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 16:00-16:06
“Oil money was flowing to Hezbollah before the MOU was signed.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 17:13-17:19
“The idea that they get benefits before they change their behavior is fundamentally a talking point that is issued by people who want the…”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 18:29-18:41
“The Obama nuclear deal allowed enrichment. Ours will not.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 21:48-21:52
“The Obama deal allowed the accumulation of stockpiled weapons grade material. Ours is actually leading to the destruction of that stockpile…”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 21:51-22:01
“We maintain economic, diplomatic and military leverage that nobody else in the world has.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 23:05-23:12
“Gas come down about 65 cents a gallon on the national average.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 23:59-24:03
“They have committed to the destruction of the highly enriched stockpile that they have in their possession.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 24:45-24:51
“The sanctions are still on. With the exception of the oil sanctions, which I talked about were no longer effective.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 26:47-26:54
“No sanctions will come off unless they perform the benefit of the bargain.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 27:08-27:13
“The American people love the Save America act because they believe in voter ID.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 28:22-28:27
“The MoU allows for Iran to sell its oil right away, which means that Iran can take in on a monthly basis, tens of millions of dollars.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 31:04-31:19
“Iran's economy was in tatters.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 31:18-31:21
“Cuba, it is a system that hasn't worked. They can't make any money. Their economy is, frankly, probably in worse shape than the Iranian…”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 33:19-33:27
“Most of [the Iranian assets] is not in United States accounts. Most of it's either in the Gulf or in Europe or somewhere else.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 35:06-35:12
“We're not releasing a single dollar of that money until the Iranians perform.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 35:22-35:26
“I've seen some reports...that the Qataris had released billions of dollars in Iranian assets. That's just not true.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 35:38-35:38
“Their ability to launch missiles has been substantially degraded.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 38:05-38:09
“The MOU calls for a U.S. troop withdrawal from the Gulf region tied to the final deal.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 39:50-39:50
“We will withdraw troops to the pre-conflict level.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 40:18-40:27
“The Iranians don't get anything unless they change their behavior.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 40:26-40:28
“There is a great desire from the Arab world and from outside the Arab world to actually get involved in Iran if they behave properly.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 41:04-41:15
“If the Emiratis themselves want to build a power plant, then we will do the sanctions relief necessary to make that possible.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 41:30-41:38
“The Iranian backed groups in the region were involved in this war and they damaged US Facilities and your allies as well.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 42:24-42:31
“This agreement requires Iran to stop attacking the Kurdish opposition in Kurdistan region, which they did two days ago.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 42:38-42:45
“They're going to give up their highly enriched material, but they've got to actually do it.”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 44:17-44:23
“Over the last three months, 2/3 of the defensive weapons that have protected your homeland have been built by American hands and paid for by…”
Vice President JD Vance Briefs Members of the Media, Jun. 18, 2026 | Uploaded June 18, 2026 | 46:44-46:57