3MinuteRead | White House Economic Adviser Hassett Says On Iran Tankers Are Starting To Go Through Strait; Thinks This Will Be Over In Weeks, Not Months; There's No Way Trump's Going To Back Down Until He Sees This Through To The End; Concern That Asia May Be Pulling Back On Oil Exports Sold To U.S.; China And U.S. Objectives Are Aligned In Wanting Stable Oil Market - State Street SPDR S&P 500 ETF Trust (ARCA:SPY), United States Oil Fund (ARCA:USO)

White House Economic Adviser Hassett Says On Iran Tankers Are Starting To Go Through Strait; Thinks This Will Be Over In Weeks, Not Months; There's No Way Trump's Going To Back Down Until He Sees This Through To The End; Concern That Asia May Be Pulling Back On Oil Exports Sold To U.S.; China And U.S. Objectives Are Aligned In Wanting Stable Oil Market - State Street SPDR S&P 500 ETF Trust (ARCA:SPY), United States Oil Fund (ARCA:USO)

Published on March 17, 2026.

The White House Economic Adviser, Robert Hassenstein, has stated that the situation will be resolved within weeks or days. There are concerns that China and the United States may be pulling back on oil exports to the U.S. This article discusses the potential impact of this relationship.

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