US NEC Director Hassett says this is a temporary energy shock, Fox Business reports; Trump is confident the Strait of Hormuz will be open soon; on SPR, we're releasing as fast as possible
- On the gasoline tax, Trump's view is that we should modernise.
Context
The comments from NEC Director Hassett indicate that the current energy shock is perceived as temporary, which could provide some market reassurance amidst ongoing volatility in energy prices. Additionally, Trump's optimism about the Strait of Hormuz remaining open suggests a potential stabilization of oil supply routes, which is crucial for the energy markets. Overall, these statements may alleviate some fears of prolonged disruption, impacting oil prices and related assets positively.
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