Hedge fund CIO: If there are no signs of the Strait of Hormuz reopening by Monday, commodity prices will see another surge.

According to Mars Finance, on March 8th, as the US military action against Iran triggered a surge in oil prices, its policy toolbox was nearly exhausted. Experts warned that without a swift reopening of the Strait of Hormuz, all other measures Washington has taken will be insufficient. Some experts have criticized the Trump administration's crisis management. Michael Alfaro, chief investment officer of energy and industrial hedge fund Gallo Partners, stated, "Many policy decisions made or hinted at by the government in the past 48 hours show a panicked eagerness to appease the oil market." He warned that if no signal of the Strait of Hormuz's imminent reopening is seen by Monday, commodity prices will experience another surge. 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 the financial markets. "High oil prices are only temporary. Now is the time to remove this regime and completely dismantle its decades-long blackmail of the Strait." (Wall Street News)