The White House’s top economic advisor dismissed worries that an extended war in Iran could hurt U.S. consumers, saying it was “the last of our concerns right now.”
Kevin Hassett, the Director of the National Economic Council, attempted to quell consumer worries about rising gas prices and supply chain disruptions due to Iran’s impediment of the Strait of Hormuz on CNBC Tuesday morning. The U.S. average gas price now sits at $3.79, up 71 cents from a year ago. Some have warned that a slowdown of oil from the Middle East could have a massive impact on the world economy.
