Fox host cuts off Trump’s top economic adviser when he tries to blame Biden for gas price spike amid Iran war
Yahoo • • business
Key Points:
- Fox News anchor Bill Hemmer cut off National Economic Council Director Kevin Hassett when he tried to blame former President Joe Biden for high gas prices amid the ongoing conflict with Iran.
- Oil prices have surged due to Iran effectively closing the Strait of Hormuz, a critical oil transit route, causing the national average gas price in the U.S. to exceed $4 per gallon.
- Hassett cited the Trump administration’s release of 172 million barrels from the Strategic Petroleum Reserve as a key measure to mitigate price spikes, claiming the current high prices are temporary.
- Hemmer challenged Hassett by highlighting the sharp rise in West Texas crude prices from $67 to $111 per barrel since late February, questioning the economic tolerance for such increases.
- The U.S. and Israel have conducted extensive strikes against Iran since late February, with Trump claiming significant military successes in a recent national address.
