Measures will begin to be introduced "in phases" starting Tuesday, and the US says it has plans to "mitigate rising oil prices."

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U.S. Secretary of State Rubio stated that the Trump administration will announce a special plan on Tuesday to address the rising oil prices, aiming to ease the turmoil in the energy market caused by the U.S. military strike on Iran.

On Monday, March 2, Secretary of State Rubio told the media before attending a briefing on the Iran situation at the U.S. Congress that the Trump administration has a plan to stabilize the oil market.

He said that on Tuesday, U.S. Treasury Secretary Besent and Energy Secretary Chris Wright will officially announce the plan and will introduce relevant measures "in phases". Rubio pointed out that the rise in oil prices was a risk factor anticipated by the government. He said:

We knew this would be a variable. Last night and this morning, we discussed this plan again. Starting tomorrow, you will see us gradually roll out these phased measures to try to mitigate this impact.

On Monday, U.S. crude oil futures prices rose more than 6% in a single day. According to reports, a senior official of Iran's Revolutionary Guard claimed to have closed the Strait of Hormuz and warned that any ships attempting to pass through would be attacked, causing concerns about supply disruption to surge suddenly in the market.

(Crude oil futures jumped higher on Monday)

Strait of Hormuz in Crisis, Global Oil Transportation Faces Severe Test

The announcement by Iran's Revolutionary Guard of closing the strait sharply escalated the tense situation. Rubio spoke tough when asked about countermeasures, saying "We will destroy their navy."

The Strait of Hormuz is a key choke point for global energy transportation, with over 20% of the world's seaborne crude oil and natural gas transported from the Persian Gulf to international markets through this passage.

Iran's harassment of ships passing through the strait has significantly hindered global oil flow, with multiple oil tankers either waiting outside the strait or forced to take longer routes to reach their destinations.

For the energy market, whether the Strait of Hormuz remains open is the core variable determining short-term oil price trends. The strength and specificity of the plan announced by the government on Tuesday will be closely scrutinized by the market.

Risk Disclaimer and Liability ClauseThe market carries risks; investment requires caution. This article does not constitute personal investment advice and has not considered the individual investment goals, financial situation, or needs of any particular user. Users should consider whether any opinions, views, or conclusions in this article suit their specific circumstances. Investment based on this article is at your own risk. ```