Trump Team Sees Oil Prices Falling Sharply on Iran Deal, Opening Path to Fed Rate Cut
Updated
Updated · Seeking Alpha · May 24
Trump Team Sees Oil Prices Falling Sharply on Iran Deal, Opening Path to Fed Rate Cut
11 articles · Updated · Seeking Alpha · May 24
Kevin Hassett said the White House expects oil prices to drop sharply if a geopolitical deal reopens key shipping routes, easing a major source of U.S. inflation.
Lower energy costs, he argued, would reduce price pressures enough to eventually give the Federal Reserve room to cut interest rates.
Hassett tied that outlook to a possible deal with Iran, saying an end to the conflict would help restore shipping flows and push energy prices down.
The comments extend the administration’s broader message that progress in talks with Tehran could deliver both geopolitical relief and looser monetary conditions.
With nuclear issues off the table, can the new Iran deal secure lasting peace or is it just a temporary fix?
Can reopening a single strait truly pull the global economy back from the brink of recession?