economy
April 11, 2026
ENERGY PRICES WILL FALL QUICKLY Good news from America! There is only one condition
Good news from America! There is only one condition
TL;DR
- U.S. National Economic Council Director Kevin Hassett expects energy prices to fall rapidly once the Strait of Hormuz fully reopens.
- The Strait of Hormuz, currently closed by Iran, is operating at about ten percent of its normal pace.
- The U.S. administration is optimistic about reopening the Strait of Hormuz and restoring oil flow within months.
- Negotiations with Iran are ongoing, with backup plans in place.
- Tankers still face significant risk passing through the Strait of Hormuz as it is not yet fully open.