Gary Cohn says prices are "not going to fall like a rock overnight" if Iran deal is signed

Gary Cohn, IBM vice chairman and the head of the National Economic Council in President Trump's first term, told "Face the Nation with Margaret Brennan" that prices are "not going to fall like a rock overnight" if a truce between the U.S. and Iran is signed because "we're going to have to see exactly what happens with the Strait" of Hormuz. "Face the Nation" is America's premier Sunday morning public affairs program. The broadcast is one of the longest-running news programs in the history of television, having debuted Nov. 7, 1954, on CBS. Every Sunday, "Face the Nation" moderator and CBS News senior foreign affairs correspondent Margaret Brennan welcomes leaders, newsmakers, and experts to a lively round table discussion of current events and the latest news. Subscribe to the "Face the Nation" YouTube channel: https://youtube.com/facethenation/​ Watch full episodes of "Face the Nation": https://www.cbsnews.com/face-the-nation/full-episodes/ Follow "Face the Nation" on Instagram: https://instagram.com/facethenation/ Like "Face the Nation" on Facebook: https://facebook.com/FaceTheNation Follow "Face the Nation" on Twitter: https://twitter.com/FaceTheNation Subscribe to our newsletter: https://cbsnews.com/newsletter/ Download the CBS News app: https://cbsnews.com/mobile/ Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h For video licensing inquiries, contact: [email protected]