Hassett predicts oil will flow through Strait of Hormuz in ‘a month or two’
10 Articles
10 Articles
Hassett predicts oil will flow through Strait of Hormuz in ‘a month or two’
National Economic Council Director Kevin Hassett on Sunday predicted that oil shipments will pass through the Strait of Hormuz in “a month or two,” while it has been closed off amid the U.S.-Israeli conflict in Iran.
Washington Times
The New York LedgerTop Trump economic adviser predicts sky-high oil prices will drop soon
An increasing number of oil tankers are headed through the embattled Strait of Hormuz and gasoline prices will drop once the ships reach Asia, National Economic Council Director Kevin Hassett predicted Sunday.
So far, it has been thanks, among other things, to the Chinese purchasing restraint that the oil prices did not shoot completely through the ceiling. But the Chinese camps empty themselves and soon the empire of the middle will have to refill. Without the resumption of the oil flow through the Strait of Hormus, however, it becomes critical. The People's Republic of China is one of the largest oil consumers globally. Due to the high import depend…
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