"We have an enormous amount of success so far in the sense that we've destroyed the military of Iran, we've coordinated 135 countries in the UN, including no veto for China and Russia, to isolate Iran. And we've coordinated a strategic reserve release of 35 countries, which could go up if it needs to."
"The timeline that President Trump has stated over and over is that it's a four- to six-week war and that we're ahead of schedule. And so, already, you're seeing tankers are starting to dribble through the straits. And I think it's the sign of how little Iran has left."
"I just wonder how you're starting to figure this out, how you are starting to try and anticipate what that will mean for prices. [WTI crude futures showing] trading north of 75 for December 2026."
During a CNBC Squawk Box interview, National Economic Council Director Kevin Hassett predicted oil prices would fall into the 60s by fall, attributing optimism to military success against Iran and coordinated international efforts. He stated the conflict would last four to six weeks and claimed the administration has contingency plans for supply disruptions affecting fertilizer and fuel distribution. However, anchor Becky Quick challenged this forecast by pointing to WTI crude futures data showing December 2026 prices trading above 75 per barrel. The disagreement highlighted differing perspectives on oil price trajectories amid ongoing Middle East tensions and attacks on tankers in the Strait of Hormuz.
Read at www.mediaite.com
Unable to calculate read time
Collection
[
|
...
]