Trump's Former Economic Aide Larry Kudlow Says Oil Could've Hit $200 A Barrel— But Quiet US Hormuz Operation 'Surely Helped' Stop It
Fox Business host Larry Kudlow argued Wednesday that President Donald Trump‘s previously undisclosed effort to keep oil flowing through the Strait of Hormuz may have helped prevent a much larger energy shock, eased inflation pressures and reduced the need for more aggressive Federal Reserve action.
Speaking on the Fox Business show “Kudlow,” the former White House economic adviser pointed to Trump’s revelation that the U.S. military had helped more than 200 commercial ships carrying over 100 million barrels of oil safely transit the strategic waterway over the past month.
Kudlow said the operation, which involved coordinating and communicating with ships rather than directly escorting them, effectively added significant oil supply to global markets at a time of heightened tensions with Ira
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