President Donald Trump said the United States no longer needs a deal with Iran and urged Vice President JD Vance to focus on domestic fraud allegations, without specifying any change to Vance’s formal responsibilities.
Trump made the remarks in a Nov. 12 Truth Social post. He named Minnesota, California and Illinois, alleging that billions of dollars were being stolen each month. He also said stopping the alleged losses could quickly balance the federal budget. The post offered no calculations or documents to explain the monthly estimate or the claimed budget effect.
On Iran, Trump wrote that the United States did not need a deal and claimed it had “their money” and “their Strait.” He described the money as worth hundreds of billions of dollars but did not identify the assets or the waterway. The post did not specify whether Vance’s Iran-related duties or diplomatic contacts would change.
The order establishing the Task Force to Eliminate Fraud dates to March 16, 2026. Under Executive Order 14395, Vance chairs the group, which coordinates federal work addressing fraud, waste and abuse in federal benefit programs. Trump’s Nov. 12 post did not announce a change to that formal remit, despite asking Vance to focus on allegations in cities and states.
The post followed a public dispute over the war’s domestic effects: Vance had linked Republican midterm losses to the Iran war, while Trump acknowledged a temporary rise in gasoline prices tied to the conflict. EconoTimes previously covered the debate over the war’s political and fuel-price effects. The latest post did not say whether Vance’s Iran-related contacts would continue.
