White House Economic Advisor Hassett: Tankers Begin Transiting Strait of Hormuz, Iran Conflict to End Within Weeks

Gate News Report, March 17 — White House Economic Advisor Hassett commented on the Iran situation. Hassett stated that oil tankers have begun passing through the Strait of Hormuz, a critical global oil transportation route. The Iran conflict is expected to end in the short term, with a resolution anticipated within weeks, not months. The U.S. government has prepared response plans for quarterly chaos, including fertilizer supplies and fuel shipments to the West Coast. Hassett emphasized that President Trump will not back down before completing actions against Iran. Additionally, Hassett expressed concerns that Asia may be reducing its reliance on U.S. oil exports.

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