Iran tension does not affect the oil market: Larry Kudlow

The White House National Economic Advisor Larry Kudlow said that due to the stressful situation on the Iranian issue in the Middle East, there will be no impact on the oil market.

Kudlow said about the fall in oil prices, that the figure of the fall came from the wrong details of Chinese economists. Kudlow believes that the US currency in the world oil trade is strong.

On Thursday, two oil tankers, Kokuka Courageous and Front Altair, suffered explosions and fires in the Gulf of Oman near the Strait of Hormuz. While the causes of the incident remain unknown, the United States claimed that Iran had attacked the vessels, albeit without providing any evidence to support its claims.
The US military subsequently released a video showing alleged Iranian forces removing an unexploded mine from one of the tankers, but the footage did not show any boat names or flags that could help substantiate the claims. Three color photos were released on Monday that still did not provide any proof except showing a hole in a vessel and a number of unidentifiable persons standing in a boat alongside the ship.
Iranian officials have categorically denied US allegations and have accused Washington of conspiring with allies such as Israel and Saudi Arabia in staging the incidents. 

Web Title: Larry Kudlow said Iran tension does not affect the oil market

Feature Image: Larry Kudlow (Pic: axios.com)

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