National Economic Council Director Kevin Hassett speaks to the press outside the West Wing of the White House on February 11, 2026 in Washington, DC. The Bureau of Labor Statistics announced that the United States had added 130,000 jobs in January. The blockage of the strait, which normally ferries 20% of the world's oil, sent global energy prices soaring. Oil prices fell sharply following news of the ceasefire, but jumped back above $100 per barrel on Thursday. "We have an agreement [with] the Iranians tha ...