Kevin Hassett, Director of the National Economic Council, stated that energy prices are expected to decrease significantly once Iran reopens the Strait of Hormuz. He noted that while he cannot discuss ongoing negotiations and strikes, the reopening of the strait will lead to a notable reduction in energy prices.
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Hassett Predicts Energy Prices Will Decrease After Strait of Hormuz Reopening
Kevin Hassett, the National Economic Council Director, indicated that energy prices are likely to drop significantly following the reopening of the Strait of Hormuz by Iran. He refrained from commenting on current negotiations and strikes but emphasized the anticipated impact on energy costs.
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Original Headline
Hassett: Energy prices will drop ‘like nothing you’ve ever seen before’ when strait is reopened
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Hassett Predicts Energy Prices Will Decrease After Strait of Hormuz Reopening