#原油价格飙升 Oil Price Rise: Does the Trump Administration Have a "Plan"?

On March 2nd, local time, U.S. Secretary of State Antony Blinken stated that the Trump administration will announce a plan on Tuesday (March 3rd) to address the rising oil prices caused by strikes against Iran. Blinken's remarks come as U.S. crude oil futures prices surged more than 6% on Monday.
According to Xinhua News Agency, by the close of trading that day, the price of West Texas Intermediate crude oil futures for April delivery on the New York Mercantile Exchange rose by $4.21, closing at $71.23 per barrel, a 6.28% increase; the London Brent crude oil futures for May delivery rose by $4.87, closing at $77.74 per barrel, a 6.68% increase.
On March 2nd, Mao Ning, spokesperson for China's Ministry of Foreign Affairs, said at a routine press conference that the Strait of Hormuz and its surrounding waters are important international channels for cargo and energy trade, and maintaining regional security and stability aligns with the common interests of the international community. China urges all parties to immediately cease military actions, avoid further escalation of tensions, and prevent regional instability from causing greater impacts on global economic development.
According to Xinhua News Agency, the Iranian Islamic Revolutionary Guard Corps (IRGC) announced on the 2nd that in a new round of retaliatory actions, Iran launched a total of 5 ballistic missiles and 26 drones targeting U.S. military positions in Kuwait, the United Arab Emirates, Bahrain, and the Strait of Hormuz.
The report states that Sepehr News, a media outlet affiliated with the IRGC, issued a statement saying that the targets of Iran's recent strikes include the U.S. Al-Rifjan military camp in Kuwait, the U.S. military command and control center at an air force base in the UAE, U.S. Navy facilities in Bahrain, and an oil tanker in the Strait of Hormuz.

Blinken also told Congress that U.S. Secretary of Energy Jennifer Granholm and Secretary of the Treasury Janet Yellen will be responsible for implementing the oil price response plan. "We have known for a long time that this would be a factor," Blinken said when discussing the rise in oil prices. "We discussed this plan again last night and also this morning. Starting tomorrow, you will see us roll out a phased plan to mitigate its impact." During a speech at the White House, Trump stated that the U.S. will continue to carry out large-scale strikes against Iran, and he expects the conflict to last for weeks or even evolve into a prolonged battle. "No matter how long it lasts, it doesn't matter," Trump said. "From the beginning, we expected it to last four to five weeks, but we have the capacity to sustain it longer. We will do so," he added.
JPMorgan Chase CEO Jamie Dimon said that the impact of this action on the energy markets depends on how long it lasts. "Currently, oil prices will rise slightly, and if this situation doesn't last long, it won't cause a serious inflation shock," Dimon said. "But if it continues for a long time, that's a different story."