Republican Louisiana Sen. John Kennedy expressed concern over the economic impact of the ongoing conflict in Iran, stating that a prolonged war could increase prices. National Economic Council Director Kevin Hassett has stated that the economic strain from the conflict with Iran is the last of our concerns currently. Kennedy also expressed concern about inflation, noting that the U.S. economy remains fundamentally sound and unlikely to be significantly disrupted even if the conflict persists. The tensions in the Middle East are pushing oil prices higher, with disruptions through the Strait of Hormuz threatening roughly 20% of global oil supplies.