Olszewski" "Not Confident" the US Can Negotiate an Advantageous Deal with Iran

Watch on YouTube ↗  |  May 10, 2026 at 16:17  |  8:41  |  Bloomberg Markets
Speakers
Johnny Olszewski — Representative, Foreign Affairs Committee

Summary

Rep. Johnny Olszewski discusses the ongoing Iran nuclear negotiations, expressing skepticism about the Trump administration's approach and lack of congressional consultation. He highlights the economic pain from the conflict (gas prices, inflation) and its potential political impact, predicting Democratic gains in the 2026 midterms. He also comments on the upcoming Trump-Xi summit, urging a tougher stance on export controls and support for Taiwan.

  • Olszewski doubts a favorable US-Iran deal can be achieved given the gutted State Department and the president's unilateral style.
  • He criticizes the lack of real-time congressional briefings and public hearings on the conflict.
  • War costs and rising consumer prices (gas, airline, Amazon surcharges, food) are hurting Americans.
  • Olszewski believes the economic drag will help Democrats take the House and possibly the Senate.
  • On the Trump-Xi summit, he calls for greater protection of American farmers and manufacturers.
  • He urges stronger export controls on advanced chips and a firmer stance in support of Taiwan.
  • He co-leads bipartisan legislation to survey US responses to a potential Chinese invasion of Taiwan.
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