Hassett predicts oil will flow through Strait of Hormuz in ‘a month or two’
Summary
National Economic Council Director Kevin Hassett said oil shipments will start moving through the Strait of Hormuz again in a month or two. The strait has been mostly closed because of tensions linked to the U.S. and Iran.Key Facts
- Kevin Hassett is the National Economic Council Director.
- Hassett made his statement on ABC’s show "This Week."
- He predicted oil will flow through the Strait of Hormuz within one to two months.
- The Strait of Hormuz is a key waterway for global oil shipments.
- The strait has been closed due to conflict involving the U.S. and Iran.
- Hassett mentioned there is currently more traffic moving through the strait than before.
- The closure is connected to broader tensions in the Middle East.
- The situation affects global oil supply and shipping routes.
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