Fox host cuts off Trump’s top economic adviser when he tries to blame Biden for gas price spike amid Iran war
ca.news.yahoo.com • • business
Key Points:
- Fox News host Bill Hemmer cut off National Economic Council Director Kevin Hassett when he tried to blame former President Joe Biden for current high gas prices amid tensions with Iran.
- Oil prices have surged due to Iran effectively closing the Strait of Hormuz, a critical oil transit route, pushing the U.S. national average gas price above $4 per gallon.
- Hassett cited the Trump administration’s release of 172 million barrels from the Strategic Petroleum Reserve to mitigate supply disruptions, claiming Biden’s earlier reserve release was politically motivated.
- Hemmer challenged Hassett on current crude oil prices rising from $67 to $111 per barrel since late February, questioning the economic tolerance for such increases.
- The U.S. and Israel have conducted extensive military strikes against Iran over the past five weeks, with Trump claiming significant battlefield successes in his recent address.
