First time in a year and a half! Trump plans to intensify the offensive, Brent crude oil rises sharply past $85

On March 3rd, Brent crude oil prices broke through $85 per barrel for the first time since July 2024. The rapid escalation of Middle East conflicts and the complete disruption of oil and gas transportation through the Strait of Hormuz are the main factors driving this rally, causing intense volatility in the global energy markets.

According to CCTV News, Trump stated that the U.S. will “spare no effort” to achieve its goals; Secretary of State Marco Rubio also explicitly said that current military actions will be further strengthened. These tough statements have triggered strong market reactions, directly pushing oil prices above key resistance levels.

The core of this energy market upheaval is the disruption of transportation through the Strait of Hormuz. Bloomberg analysis indicates that if this critical waterway remains blocked for an extended period, it could force oil-producing countries in the region to cut production, posing further upside risks to oil prices. The International Energy Agency (IEA) is urgently preparing to deploy 1 billion barrels of emergency reserves to stabilize the market. Despite the global energy alert, the White House currently has no plans to activate strategic reserves.

Limited Buffer Space for Oil Supply, Market Awaiting the Outcome of the Conflict

An advisor to Iran’s Islamic Revolutionary Guard Corps told Iran’s official television that relevant forces “will set fire to any ships attempting to pass through the Strait of Hormuz,” sharply increasing market concerns over transportation security.

Although excess supply in other regions temporarily cushions oil prices, Bloomberg analysis shows that all indicators currently point to a highly tense supply situation. If the blockade of the Strait of Hormuz cannot be reversed in the short term, regional oil producers may be forced to reduce output, further tightening crude oil supply.

Documents Show IEA Prepared to Help Stabilize the Market

A document obtained by Bloomberg News, prepared by the International Energy Agency (IEA), indicates that the agency is ready to assist in stabilizing the global oil market following the Iran conflict, and notes that member countries hold over 1 billion barrels of emergency reserves.

In the March 2nd report, the IEA stated that although overall oil production in the region remains largely unaffected, transportation through the Strait of Hormuz and liquefied natural gas production have been “significantly impacted.”

Sources cited in the report revealed that the IEA is scheduled to hold a meeting at 2 p.m. Paris time to discuss the Middle East situation. The agency coordinates the release of global oil inventories when market disturbances occur.

Despite the sharp rise in oil prices since the conflict erupted, media reports quoting an insider said that the Trump administration currently has no immediate plans to activate the U.S. Strategic Petroleum Reserve.

Risk Warning and Disclaimer

Market risks are present; investment should be cautious. This article does not constitute personal investment advice and does not consider individual users’ specific investment goals, financial situations, or needs. Users should consider whether any opinions, views, or conclusions in this article are suitable for their particular circumstances. Invest at your own risk.