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美以伊战事演化路径研究OACHSSCD

The evolution path of the U.S.-Israel-Iran War:a structural analysis based on U.S.oil price affordability

中文摘要英文摘要

美以伊战事已从初始的军事对抗,转变为一场检验各方经济韧性与战略耐心的消耗战.基于能源经济学与地缘政治相关理论,结合美国油价承受力的历史演进与当前形势,从宏观经济、产业发展、居民消费3个维度,系统分析美国对高油价的承受能力,探究油价承受力影响美以伊战事持续性的内在机制,结合美元汇率、通胀传导等因素研判局势演进趋势.页岩油气革命后美国经济对高油价的"脱敏"能力显著提升,能源独立与油气出口大国地位使其从高油价中获得极高的现实红利.当WTI油价在100美元/桶以下时,美国宏观经济风险可控;油价达到120美元/桶,才可能触及居民消费的"警戒线",这种较强的承受力使得美国并无迅速结束战事的迫切性.伊朗的经济脆弱性进一步强化了美国拖延战事的战略耐心,战事大概率将呈现"长期化、间歇性激化"的态势.

The US-Israel-Iran war has evolved from initial military confrontation into a war of attrition that tests the economic resilience and strategic patience of all parties.Drawing on theories of energy economics and geopolitics,and taking into account the historical evolution and current dynamics of US oil price tolerance,this paper systematically analyzes the US capacity to withstand high oil prices across such three dimensions as macroeconomics,industrial development,and household consumption,explores the intrinsic mechanisms through which this tolerance shapes the duration of the war,and projects its evolutionary trajectory by incorporating mediating factors such as the US dollar exchange rate and inflation transmission.It reveals that the US economy has achieved significant"desensitization"to high oil prices after the shale revolution and its status as an energy-independent nation and a major oil and gas exporter enables it to reap substantial benefits from elevated prices.At present,with WTI crude oil prices below 100 per barrel,macroeconomic risks in the US remain manageable and only when prices reach 120 per barrel does household consumption approach a critical threshold.This robust tolerance would explain why the US feels no urgency to quickly end the war.Moreover,Iran's economic vulnerability may further reinforce America's strategic patience in prolonging the conflict,which will most likely follow a pattern of"prolonged duration with intermittent escalation".

陆亚晨;马美艳;戴家权

中国石油集团经济技术研究院中国石油集团经济技术研究院中国石油集团经济技术研究院

管理科学

美国油价承受力美以伊战事能源独立地缘政治

The United Statesoil price tolerancethe US-Israel-Iran Warenergy independencegeopolitics

《国际石油经济》 2026 (5)

49-57,9

本文为中国石油集团发展计划部战略研究课题"'十五五'时期中国石油面临宏观形势研究"的成果.

10.3969/j.issn.1004-7298.2026.05.006

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