Kevin Hassett , director of the National Economic Council, said he’s hopeful the Strait of Hormuz will reopen soon, pointing to the economic stress that Tehran leaders face because of President Trump’s blockade. Mr. Hassett noted Iran is buckling from its inability to ship oil and other vital goods. He said any sensible leader would relent and reopen critical waterways, easing energy shortfalls across the globe. “Our expectation is that supply will increase rapidly once the straits are open,”