Sigma Live

US: Tankers Begin to Transit Strait of Hormuz with Limited Flow

Published March 17, 2026, 14:10
US: Tankers Begin to Transit Strait of Hormuz with Limited Flow

White House economic advisor Kevin Hassett stated that tankers have begun to transit the Strait of Hormuz, arguing that this shows Iran's limited ability to restrict traffic. He expressed optimism that the war will end in a few weeks, which will impact oil prices. He also mentioned concerns that Asia may reduce exports of refined oil to the US, but assured that there is a plan to address this. Trump postponed his meeting with Xi Jinping to focus on the war in Iran, while Hassett emphasized that US action is in China's interest, as both countries seek a stable global oil market.