I seriously doubt the US is afraid of rising oil prices. Buffett buying Western oil and Trump taking over Venezuela were all part of a setup for today's situation. Now that the Strait of Hormuz is blocked, Middle Eastern oil can't be sold. The real beneficiaries are the US and Russia, as they are major oil producers and exporters. So, the US might be putting on a show for the world. If the blockade continues, it's only Asia and the Middle East that suffer. The US CPI won't rise because of the Strait issue. The reason is simple: the US has enough oil. It's Asian countries that are short. This seems to explain why the Nasdaq and Bitcoin are relatively stable. Furthermore, rising oil prices increase industrial costs in Asia, potentially benefiting the return of manufacturing to the US. But it seems Trump and the US are very concerned about oil prices. So, I don't really understand it; this is just a discussion. The above is just speculation.