White House Predicts Gasoline Price Drop with Hormuz Strait Opening

The White House National Economic Council Director, Kevin Hassett, has indicated that gasoline prices are expected to decrease swiftly once the Strait of Hormuz is reopened. According to Odaily, Hassett mentioned that discussions have been held with allies to ensure a stable supply of U.S. oil. Additionally, consultations regarding the purchase of oil and natural gas have been conducted with allied nations.