Vance says final Iran deal will limit missile threats

Vice President JD Vance stated during a White House press briefing that the administration expects a final deal with Iran to ensure the nation does not possess missiles that threaten the entire world. The remarks highlight the strategic objectives of ongoing negotiations concerning Iran's military capabilities.

Key Expectations

Vance outlined the primary goal of the prospective agreement, focusing on global security concerns related to missile proliferation.

Strategic Objectives

Missile Limitation: The deal aims to prevent Iran from holding missiles that pose a global threat.
Final Agreement: The Vice President expressed confidence that these terms would be part of any finalized accord.

Negotiation Timeline

Vance noted that final negotiations will set terms for after 60 days. He added that the administration plans to brief Congress very soon regarding the status of the talks.

The briefing provided insight into the administration's stance on non-proliferation and its expectations for the conclusion of diplomatic talks with Iran.

U.S.-based travel agency air ticket sales totaled $9.8 billion in May 2026, a 15% increase from May 2025, according to data released by Airlines Reporting Corporation (ARC). The rise in sales value was driven by higher ticket prices, as total passenger trips settled by ARC remained steady year over year at 25.7 million. The data reflects sales from 9,865 U.S. retail and corporate travel agency locations and online travel agencies for the period ending May 31, 2026.

The average ticket price for a round-trip ticket settled through ARC increased 18% year-over-year to $628. This price increase offset a 2% decline in total sales on a month-over-month basis. Domestic trips accounted for 16.2 million of the total passenger trips, up 1% year-over-year, while international trips totaled 9.5 million, down 1% from the previous year.

Ticketing Metrics

ARC Ticketing Metric	Total	Month-Over-Month Variance	Year-Over-Year Variance
Total Sales	$9.8 billion	-2 %	+15 %
Total Passenger Trips	25.7 million	-3 %	0 %
U.S. Domestic Trips	16.2 million	-2 %	1 %
International Trips	9.5 million	-4 %	-1 %
Average Ticket Price	$628	1 %	+18 %
Average Economy Class Ticket Price	$569	1 %	+20 %
Average Premium Class Ticket Price	$1,429	0 %	+14 %

Pricing and Transaction Details

The average economy class ticket price rose 20% year-over-year to $569, while the average premium class ticket price increased 14% to $1,429. Economy class is defined as tickets for U.S. domestic travel purchased under fare codes excluding First Class, Business Class, and Business Class Premium. Premium class includes tickets for U.S. domestic travel under fare codes assigned to First Class, Business Class, and Business Class Premium.

New Distribution Capability (NDC) transactions accounted for 21.6% of total ARC-settled transactions in May 2026, a slight increase from 21.4% in May 2025. In May 2026, 1,197 travel agencies reported NDC transactions. ARC processes over $100 billion in U.S.-based agency air sales annually.