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Kevin Hassett says oil prices are 'risk premium to end terrorism'
short by / on Tuesday, 17 March, 2026
White House advisor Kevin Hassett stated that rising oil prices reflect a "risk premium to end terrorism". He believes the Iran conflict is ending faster than expected as US actions have weakened Iranian military capabilities. WTI and Brent crude rose to $97 and $102, respectively, driven by geopolitical uncertainty. Hassett noted markets are pricing in the cost of achieving resolution.
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