US Prioritizes Lower Oil Prices Over Iran Nuclear Program Amid Hormuz Blockade

US Vice President JD Vance announced that the primary goal in the Iran conflict is to bring down gasoline prices for American consumers, a shift from preventing Iran's nuclear weapon development. This pivot comes as the Strait of Hormuz blockade, initiated by Iran, continues to cause soaring oil prices and impact US domestic politics. Treasury Secretary Scott Bessent also warned of new, unprecedented economic sanctions against Tehran next week. This geopolitical tension and potential for further oil supply disruptions could bolster safe-haven demand for gold and exert upward pressure on USD/PKR rates in Pakistan.

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