Oil tankers are successfully navigating the Strait of Hormuz, and Iranian attempts to impede maritime traffic via this critical waterway have not negatively impacted the American economy. According to reports from foreign media, relayed through Telegrafi, White House economic advisor Kevin Hassett discussed the situation with CNBC on Monday. He emphasized the Trump administration’s long-held view that the conflict should resolve within weeks, rather than months.
Hassett noted the increasing movement of tankers “through” the narrow passage, interpreting this as a signal of Iran’s diminishing influence. “We are very optimistic that this will conclude in the short term,” he stated. “Subsequently, there will be consequences in prices lasting for several weeks as the ships reach refineries.”
The advisor expressed concern regarding potential disruptions to Asian exports.
He maintained a confident outlook, anticipating a swift resolution to the tensions surrounding the Strait of Hormuz and the passage of tankers. The White House’s position remains focused on a rapid de-escalation, believing that the situation will stabilize quickly.
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