HASSETT told Fox News he would not provide a timetable for Trump's earlier promise that oil prices would 'reverse rocket-like,' but said the U.S. government has taken steps to minimize the shock to energy prices. He cited U.S. Navy escorts keeping oil flowing through the Strait of Hormuz, saying 'billions of barrels' have passed, and noted markets initially feared $150–$200/bbl moves that did not materialize. HASSETT said Trump 'will decide when to end' and warned that without U.S. action the si

HASSETT told Fox News he would not provide a timetable for Trump's earlier promise that oil prices would 'reverse rocket-like,' but said the U.S. government has taken steps to minimize the shock to energy prices. He cited U.S. Navy escorts keeping oil flowing through the Strait of Hormuz, saying 'billions of barrels' have passed, and noted markets initially feared $150–$200/bbl moves that did not materialize. HASSETT said Trump 'will decide when to end' and warned that without U.S. action the situation could seriously damage the global economy and human civilization.