Pence doesn't rule out a run in 2024

The former vice president also outlines how the US can try to stop the Russian invasion of Ukraine

Former Vice President Mike Pence on Tuesday did not rule out a run in 2024 while speaking during an exclusive interview on FOX Business' "Mornings with Maria," saying that "at the right time" he will "consider" how he "might participate in that process."

Pence reemphasized his position after host Maria Baritromo asked the former vice president if he wants former President Trump to run in 2024 and if he is looking to get back into leadership. 

"All of my focus right now is on 2022," Pence responded. "I think we have a historic opportunity to reclaim majorities in the House and Senate, to elect great Republican governors around America and, in 2023, I’m confident the Republican Party will nominate a candidate who will be the next President of the United States of America and at the right time, my family and I will reflect and consider how we might participate in that process."

"But now more than ever with war in Europe and with an administration seemingly intent on weakening our country, driving our nation toward a European-style welfare state, we need strong Republican majorities on Capitol Hill and strong Republican governors and that’s what we are going to work to achieve," he continued. 

During a Fox News Digital interview in December Pence also said that he is "completely focused on 2022." 

"And come 2023, we’ll do as our family has always done. We’ll reflect and pray and consider where we might next serve," he went on to say at the time. 

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During the interview Pence also focused on the Biden administration’s energy policies and stressed that the "time has come to sanction all oil and energy exports from Russia." 

He argued that the move is necessary given energy is the "lifeblood" of the country's economy." 

Pence called on Congress, the Biden administration and nations around the world to implement an international embargo to "bring the kind of pressure that we must bring to bear if we hope to stop this mindless, senseless Russian invasion of Ukraine."

Speaking from Israel on Tuesday, Pence also argued that Vladimir Putin "felt emboldened to redraw Europe by force" and that the Russian president is the only person to blame for the war with Ukraine.

Pence spoke with Bartiromo the day before his policy and advocacy organization launched a $10 million ad campaign, targeting multiple congressional Democrats and pushing for American energy independence amid Russia’s invasion of Ukraine.

Pence’s organization, Advancing American Freedom, a 501(c) (4) dedicated to advocating for "Conservative values and policy proposals," launched its first ad buy with an ad titled "Horrific Decision." The ad is set to run in a number of media markets in states across the nation.

The ad calls on viewers to call their member of Congress to tell them to "support America’s security instead of Russia’s terror."

Pence's ad buy comes as lawmakers on both sides of the aisle have been pushing legislation to ban oil imports from Russia, and Republicans, especially, have been calling for more domestic oil and gas production in the wake of Russia's ongoing assault on Ukraine.  

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The most recent data from the U.S. Energy Information Administration shows that in December, the U.S. imported 405,000 barrels per day of crude oil and petroleum products from Russia or almost 5% of all U.S. imports for the month. That's down from about 800,000 barrels in August. 

Democrats have called for a federal gas tax holiday as a possible solution for alleviating prices, while Republicans want expanded domestic oil drilling.

Some critics have accused the Biden administration of funding Russian Putin’s war on Ukraine by cutting down domestic oil production and relying on Russian oil.

Late Tuesday morning, President Biden announced his administration is banning Russian oil, natural gas and coal imports to the United States in response to Russia's invasion of Ukraine.

"Today I am announcing the United States is targeting the main artery of Russia's economy. We're banning all imports of Russian oil and gas and energy," Biden said during remarks from the White House. "That means Russian oil will no longer be acceptable at U.S. ports and the American people will deal another powerful blow to Putin's war machine."

The decision was made in "close consultation" with U.S. allies and partners around the world, particularly in Europe.

"In the four years of the Trump-Pence administration, we achieved energy independence for the first time in 70 years," Pence said before Biden's announcement. "We were a net exporter of energy." 

He then pointed to Biden’s moves on energy as soon as he took office, which he pointed out included "killing the Keystone pipeline, taking federal lands off the list for exploration [and] sidelining leases for oil and natural gas." 

"Before Ukraine ever happened, we saw rising gasoline prices," Pence said. "So the answer here is number one, stand firm as the United States and have the free world join us in cutting off funds to Russia in their energy exports." 

Ticker Security Last Change Change %
USO UNITED STATES OIL FUND L.P. 81.67 +1.32 +1.64%
BNO UNITED STS BRENT OIL FD LP UNIT 33.34 +0.60 +1.83%

"We need to put those sanctions on, but at the same moment President Biden and this administration must unleash American energy and stop going hat in hand to places like Venezuela," he continued. "I hear that President Biden may be headed to Saudi Arabia to ask them personally to pump more oil and for heaven's sakes, let’s offline any further discussion of the Iran nuclear deal for the sake of Israel’s security and frankly in the recognition that now more than ever we should not be dealing with the Ayatollahs in Tehran or Putin in Moscow in lifting sanctions or pressure that we placed on Iran." 

A new nuclear agreement with Iran is expected within days, a European diplomat told Fox News on Friday – coming after weeks of renewed talks in Vienna to revive the 2015 Iran nuclear deal.

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The diplomat cautioned, however, that any deal involving Iran, China, Russia, and the U.S. could always unravel. Meanwhile, on Thursday, Iran’s chief negotiator told reporters that a deal would be done within 24-48 hours.

The surge in the price of oil past $130 per barrel on Monday was triggered by the possibility the U.S. might bar crude imports from Russia. Oil prices steadied later in the day and were moderately higher Tuesday afternoon at around the $133 level for Brent crude and $128 per barrel for the U.S. benchmark.

"For heaven’s sake, the time is now for this administration to at least take a time out on their climate change agenda and embrace American strength and American energy," Pence stressed. 

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Fox News' Marisa Schultz, Rich Edson, Paul Steinhauser, Adam Shaw, Brooke Singman and Jessica Chasmar and The Associated Press contributed to this report.