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Kevin Hassett, a former economic director for Donald Trump, has revealed that inflation could plummet close to zero if oil prices fall sharply.
Eric Daugherty highlighted Hassett's comments, citing the potential impact on inflation if the Iran war resolves and oil prices decline. Hassett stated that a resolution leading to lower oil costs could bring inflation rates near zero levels.
Daugherty previously reported that oil dropped 8 percent as markets rose on news of Trump’s Iran negotiations, highlighting energy price sensitivity to geopolitical developments. He also covered Mercedes Benz’s $4 billion investment in its Alabama plant to help reduce tariff exposure and expand output. The prior oil price move was closely watched by market participants.