US official says oil tankers begin crossing Strait of Hormuz

Oil tankers are beginning to cross the Strait of Hormuz, White House economic advisor Kevin Hassett told CNBC during a video interview.

Hassett noted that Iran’s attempts to disrupt shipping along the route have not harmed the U.S. economy.

“Tankers are starting to dribble through the Strait, and I think it is a sign of how little Iran has left,” he said.

Hassett added that officials are optimistic about a short-term resolution, but noted that in the coming weeks, oil prices may be affected as shipments reach refineries.

By Khagan Isayev