Is the oil price surge over? The White House's bold claim: "The world's oil supply can be fully replenished in two months"

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\r\n[Financial News]  As ceasefire talks between the United States and Iran enter their final stretch, The White House's economic chief has laid out a detailed timeline for global energy supplies after the war, backed by specific figures. His message is blunt: once the Strait of Hormuz reopens, the world's oil market can be fully relieved of its thirst within two months.
Kevin Allen Hassett, the top economic aide to President Donald Trump, appeared on CBS's "Face the Nation" on the 24th (local time) and said that normal crude oil supplies needed by refineries around the world would resume within one to two months after the war ends. He was directly dismissing the market's biggest fear: an energy shock caused by a supply freeze.
Hassett's logic is simple, but precise. He noted that "tankers travel about 300 nautical miles, or roughly 556 kilometers, per day" and pulled out a detailed logistics calculation. Countries geographically close to the strait, such as India and Pakistan, could receive crude immediately once the waterway reopens and turn it into refined products. Even distant countries like New Zealand would be able to secure all the crude they need within two months at most. As for the actual timing of the Strait of Hormuz reopening, the so-called D-Day for tankers to move again, he passed the issue back to politics, saying it is "a political matter that President Trump, Secretary of State Marco Rubio, and the Iranian side must ultimately resolve."
Hassett also pushed back sharply on concerns in some quarters that the U.S. economy could face stagflation, or rising prices amid a slowdown. As the New York stock market continues to hit record highs, he rejected warnings that inflationary pressure is darkening the outlook, saying, "There is absolutely no dark cloud over our economy."
He also offered an unusual statistical explanation for the plunge in U.S. consumer sentiment to record lows amid the prolonged war with Iran and the resulting surge in oil prices. Hassett argued that respondents' political leanings had distorted the survey, suggesting that many of those who identified themselves as independents were actually members of the Democratic Party, which made the numbers look worse. He added that people should focus on The Conference Board's Consumer Confidence Index, which tracks the real economy, rather than subjective sentiment measures. In fact, last month's Consumer Confidence Index in the United States held steady at a firm level despite uncertainty from the Middle East and the shock of high oil prices, underscoring the economy's solid fundamentals. In the end, The White House's message is clear: politics may be noisy, but the engine of the U.S. economy, as shown by the numbers, is still running hot.
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jsi@fnnews.com Jeon Sang-il Reporter