economy
Trump adviser slammed for saying Iran price hit is 'last of our concerns'
Democrats are lambasting a top Trump adviser for dismissing concerns that high oil prices brought on by the war in Iran will raise costs for American consumers.
TL;DR
- Democrats are criticizing top Trump adviser Kevin Hassett for downplaying the impact of high oil prices on American consumers due to the war in Iran.
- Hassett stated that consumer impact was "the last of our concerns" while discussing the economy's fundamental soundness.
- Congressional Democrats, including Ted Lieu and Hakeem Jeffries, accused the Trump administration of not caring about American consumers.
- A White House spokesman clarified Hassett's comments, stating progress is being made in neutralizing the Iranian threat and that the administration is examining measures to mitigate economic disruptions.
- The war has caused oil prices to exceed $100 per barrel, with traffic through the Strait of Hormuz significantly reduced, impacting global oil trade and leading to higher gasoline and diesel prices in the U.S.