Unable to buy WTI at 97 dollars for now. Although I don't necessarily believe what Trump says is true, it does seem that the U.S. and Iran are avoiding further escalation of war, and the Strait of Hormuz is the leverage in this conflict. The U.S. blocks Iranian ports, and Iran blocks Hormuz, but Hormuz is not Iran's.

Today, a friend mentioned that the U.S. might be deliberately raising oil prices to devalue the dollar. I strongly disagree with this viewpoint. Indeed, if oil prices rise to 150 dollars, it means that the amount of oil one dollar can buy decreases, which can be said to devalue the dollar relative to oil.

However, the U.S. debt, wages, taxes, military spending, social security, healthcare, and national debt interest are all denominated in dollars and not payable in oil. If the U.S. owes 150 dollars, an increase in oil prices to 150 dollars does not mean it only needs to pay one barrel of oil. The U.S. does not pay debts with oil, but with dollars.

Moreover, high oil prices are not purely beneficial for the U.S. It still imports a large amount of crude oil, especially different types needed by refineries. The U.S. is a major oil producer but is also a super consumer. If oil prices are too high, the profits go to shale oil, energy companies, and certain export chains, but the costs are pushed down to gasoline, diesel, aviation, logistics, agriculture, manufacturing, and ordinary consumers.

Therefore, high oil prices are not the perfect tool for "the U.S. robbing the world," but more like a double-edged sword.

While they can strike at energy-importing countries like China, Europe, Japan, and India, they will also drive up inflation within the U.S. The recent inflation data over the past month has clearly shown a rebound, and once inflation rises, it will be harder for the Federal Reserve to lower interest rates, and the pressure on U.S. fiscal interest will also be more difficult to relieve.

So, oil prices at 150 dollars may not be a remedy for U.S. finances; rather, they could be poison. Therefore, I believe that from the perspective of the mid-term elections or the need for the stock market to rise, Trump will not allow oil prices to stay high for a long time. At least at this stage, high oil prices equate to Trump digging his own grave.

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