US NEC Director Hassett says the Iran-US talks are not meaningless; working with Iran on what could be a great deal
Importance
Level 1
- President Trump has power to impose 50% Iran-related tariff.
- If countries are helping "our" adversary, Trump will take action.
- Have had ships trickling through the Strait of Hormuz; if it opens up, things can return back to normal very soon.
- Asia is feeling "real pain" because they are running out of oil.
- It has been less disruptive in the US.
- Once Hormuz is open, gas prices will fall relatively fast.
- We have had talks with allies about them purchasing oil and gas.
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