PiCK
White House says Iran clashes likely to end in the short term…oil tankers resume transit through the Strait of Hormuz
Minseung Kang
Summary
- White House economic adviser Kevin Hassett said the Iran-related clashes would "end within weeks," adding that the likelihood of a prolonged conflict is low.
- He said that, in line with the White House’s stance, some expectations are emerging that market jitters may ease.
- Oil tanker traffic through the Strait of Hormuz, a key crude shipping route, has resumed, and tankers have begun transiting the strait.
Forecast Trend Report by Period
The White House has indicated that clashes with Iran could end within a short period, fueling some expectations that market jitters may ease. Oil tanker traffic through the Strait of Hormuz—a key crude shipping route—was also reported to have resumed.
According to the cryptocurrency-focused outlet O'Daily on the 17th, White House economic adviser Kevin Hassett said the Iran-related clashes would "end within weeks," adding that the likelihood of a prolonged conflict is low.
Hassett said, "This clash will not continue for months," projecting that the situation will be brought under control in the near term. He also noted that oil tankers have begun transiting the Strait of Hormuz.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
