politics
Hassett's bold prediction
Key takeaways
- Link copied by Sylvan Lane - 05/26/26 6:19 PM ET Link copied NOW PLAYING
- National Economic Council Director Kevin Hassett said energy prices are going to fall at an unprecedented rate once Iran reopens the Strait of Hormuz.
- “There’s so much oil sitting in the Gulf, there’s so much excess capacity in Saudi Arabia and [United Arab Emirates (UAE)], that prices should drop very, very quickly,” he told host Maria Bartiromo.
Why this matters: political developments that affect policy direction and public trust.
Link copied by Sylvan Lane - 05/26/26 6:19 PM ET Link copied NOW PLAYING
National Economic Council Director Kevin Hassett said energy prices are going to fall at an unprecedented rate once Iran reopens the Strait of Hormuz.
“Well, you know, I can’t really talk about the ongoing negotiations and the strikes, but what I can say is that as soon as the straits are open, then energy prices are going to plummet like nothing you’ve ever seen before,” Hassett said on Fox Business Network’s “Mornings with Maria.”
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