US NEC Director says hope gas price spike isn't impacting other things; starting to see more ships come through straits; gasoline prices are high right now

The US National Economic Council Director's comments suggest that while gasoline prices remain elevated, the broader economic impact appears contained, with muted GDP effects from current supply disruptions.

Newsquawk StaffPublished 10 Apr 2026, 19:38 UTCOn the live feed at 19:18 UTC — 3 more headlines followed before this page went public

Newsquawk headlinesUTC

19:25

US FX WRAP: Dollar slips once again as markets latch onto hopes US-Iran talks will lead to long-term resolution

19:23

Jet fighters and attack planes recently arrived in the Middle East, according to WSJ, citing flight-tracking data and a US official; 1,500 to 2,000 troops from the Army's elite 82nd Airborne Division could arrive in the coming days

19:18

US NEC Director says hope gas price spike isn't impacting other things; starting to see more ships come through straits; gasoline prices are high right now

19:14

Chile's Codelco copper production down 9.8% Y/Y in February to 88.5k T

19:05

US DoE will loan 8.5mln bbls of crude oil from SPR to 4 companies

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GDP effect is muted from this disruption.

Context

This suggests potential resilience in economic performance, but traders should keep an eye on how ongoing maritime traffic and energy supply dynamics play out, as these could influence inflation and consumer sentiment going forward.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

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ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

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ENERGY/27 Aug · 17:46 UTC

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

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ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Brent crude, after we published−2.4%

ENERGY/8 Sept · 19:59 UTC

IRGC says in light of the evils of the US army in targeting several oil tankers of Iran, we warn all oil tanker crews in the Kuwaiti and Bahraini ports, they will be targeted, Tasnim reports.

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