Hedge fund CIO: If there are no signs of the imminent reopening of the Strait of Hormuz before Monday, commodity prices will see a new round of surges.

BlockBeats News, March 8, as the United States launched military action in Iran, causing oil prices to soar, its policy toolbox is nearly exhausted. Experts warn that if the Strait of Hormuz cannot be reopened quickly, any other measures taken by Washington will be nothing more than a drop in the bucket.

Some experts have criticized the Trump administration's crisis management approach. Michael Alfaro, Chief Investment Officer at energy and industrial hedge fund Gallo Partners, stated, "Many of the policy decisions made or hinted at by the government in the past 48 hours show signs of a frantic attempt to calm the oil market."

He warned that if there are no signs of the Strait of Hormuz reopening by Monday, commodity prices will see another round of sharp increases.

However, some have defended the White House's strategy. Dan Brouillette, who served as Energy Secretary during Trump's first term, told the Financial Times that the government has a longer-term perspective than financial markets. "High oil prices are only temporary. Now is the time to remove this regime and completely end its decades-long extortion of the strait." (Wallstreetcn)