{"id":9362,"date":"2026-03-25T15:49:10","date_gmt":"2026-03-25T07:49:10","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=9362"},"modified":"2026-03-25T15:49:15","modified_gmt":"2026-03-25T07:49:15","slug":"%e5%9c%b0%e7%bc%98%e5%86%b2%e7%aa%81%e4%b8%8b%e7%9a%84%e8%83%bd%e6%ba%90%e4%b8%8e%e9%87%91%e8%9e%8d%e5%85%b1%e6%8c%af%ef%bc%9a%e4%bc%8a%e6%9c%97%e5%b1%80%e5%8a%bf%e5%a6%82%e4%bd%95%e9%87%8d%e6%9e%84","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/9362","title":{"rendered":"S\u1ef1 c\u1ed9ng h\u01b0\u1edfng n\u0103ng l\u01b0\u1ee3ng v\u00e0 t\u00e0i ch\u00ednh trong xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb: T\u00ecnh h\u00ecnh Iran s\u1ebd t\u00e1i c\u1ea5u tr\u00fac logic \u0111\u1ecbnh gi\u00e1 th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u nh\u01b0 th\u1ebf n\u00e0o"},"content":{"rendered":"<p>D\u1ef1a tr\u00ean ph\u00e2n t\u00edch chuy\u00ean s\u00e2u v\u1ec1 m\u00f4 h\u00ecnh truy\u1ec1n d\u1eabn r\u1ee7i ro \u0111\u1ecba ch\u00ednh tr\u1ecb-t\u00e0i ch\u00ednh n\u0103ng l\u01b0\u1ee3ng Wmax, khu\u00f4n kh\u1ed5 \u0111\u1ecbnh gi\u00e1 ngo\u1ea1i h\u1ed1i to\u00e0n c\u1ea7u v\u00e0 h\u1ec7 th\u1ed1ng gi\u00e1m s\u00e1t th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a theo th\u1eddi gian th\u1ef1c, k\u1ebft h\u1ee3p v\u1edbi vi\u1ec7c ki\u1ec3m tra ch\u00e9o c\u00e1c quan \u0111i\u1ec3m c\u1ed1t l\u00f5i t\u1eeb c\u00e1c t\u1ed5 ch\u1ee9c h\u00e0ng \u0111\u1ea7u qu\u1ed1c t\u1ebf nh\u01b0 Goldman Sachs, Barclays v\u00e0 Bloomberg Industry Research, Wmax nh\u1eadn \u0111\u1ecbnh r\u1eb1ng, sau cu\u1ed9c t\u1ea5n c\u00f4ng qu\u00e2n s\u1ef1 c\u1ee7a M\u1ef9 v\u00e0 Israel v\u00e0o Iran, xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb \u1edf Trung \u0110\u00f4ng, t\u1eadp trung v\u00e0o vi\u1ec7c ki\u1ec3m so\u00e1t eo bi\u1ec3n Hormuz, \u0111ang t\u00e1c \u0111\u1ed9ng truy\u1ec1n d\u1eabn theo hai chi\u1ec1u \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u v\u00e0 chu\u1ed7i cung \u1ee9ng n\u0103ng l\u01b0\u1ee3ng th\u00f4ng qua \u0111\u00f2n b\u1ea9y c\u1ed1t l\u00f5i l\u00e0 gi\u00e1 d\u1ea7u qu\u1ed1c t\u1ebf t\u0103ng v\u1ecdt. S\u1ef1 x\u00e1o tr\u1ed9n \u1edf hai l\u0129nh v\u1ef1c n\u00e0y kh\u00f4ng t\u1ed3n t\u1ea1i \u0111\u1ed9c l\u1eadp, m\u00e0 \u0111an xen v\u00e0 c\u1ee7ng c\u1ed1 l\u1eabn nhau, cu\u1ed1i c\u00f9ng h\u00ecnh th\u00e0nh v\u00f2ng l\u1eb7p truy\u1ec1n d\u1eabn \"t\u00e1c \u0111\u1ed9ng n\u0103ng l\u01b0\u1ee3ng - bi\u1ebfn \u0111\u1ed9ng t\u00e0i ch\u00ednh - lo ng\u1ea1i t\u0103ng tr\u01b0\u1edfng - \u0111\u1ecbnh gi\u00e1 l\u1ea1i r\u1ee7i ro\". S\u1ef1 ph\u00e2n chia ch\u00ednh s\u00e1ch trong n\u1ed9i b\u1ed9 Hoa K\u1ef3 c\u00e0ng l\u00e0m gia t\u0103ng hi\u1ec7u \u1ee9ng truy\u1ec1n d\u1eabn n\u00e0y, khi\u1ebfn logic \u0111\u1ecbnh gi\u00e1 c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh v\u00e0 n\u0103ng l\u01b0\u1ee3ng to\u00e0n c\u1ea7u r\u01a1i v\u00e0o t\u00ecnh tr\u1ea1ng b\u1ea5t \u1ed5n \u0111a t\u1ea7ng. Wmax \u0111\u00e3 s\u1edbm n\u1eafm b\u1eaft \u0111\u01b0\u1ee3c t\u00edn hi\u1ec7u truy\u1ec1n d\u1eabn t\u1eeb nh\u1eefng thay \u0111\u1ed5i trong ho\u1ea1t \u0111\u1ed9ng v\u1eadn chuy\u1ec3n qua eo bi\u1ec3n Hormuz \u0111\u1ebfn gi\u00e1 d\u1ea7u v\u00e0 th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u, d\u1ef1 b\u00e1o ch\u00ednh x\u00e1c s\u1ef1 thay \u0111\u1ed5i logic \u0111\u1ecbnh gi\u00e1 th\u1ecb tr\u01b0\u1eddng th\u00f4ng qua m\u00f4 h\u00ecnh d\u1eef li\u1ec7u \u0111a chi\u1ec1u, cung c\u1ea5p c\u01a1 s\u1edf ph\u00e2n t\u00edch r\u1ee7i ro mang t\u00ednh d\u1ef1 b\u00e1o cho nh\u1eefng ng\u01b0\u1eddi tham gia th\u1ecb tr\u01b0\u1eddng.<\/p>\n<p>D\u1eef li\u1ec7u gi\u00e1m s\u00e1t n\u0103ng l\u01b0\u1ee3ng \u0111\u1ecba ch\u00ednh tr\u1ecb c\u1ee7a Wmax cho th\u1ea5y, t\u00e1c \u0111\u1ed9ng c\u1ed1t l\u00f5i c\u1ee7a cu\u1ed9c xung \u0111\u1ed9t l\u1ea7n n\u00e0y b\u1eaft ngu\u1ed3n t\u1eeb vi\u1ec7c Iran ki\u1ec3m so\u00e1t ho\u1ea1t \u0111\u1ed9ng v\u1eadn t\u1ea3i tr\u00ean eo bi\u1ec3n Hormuz. Vi\u1ec7c \"van d\u1ea7u th\u1ebf gi\u1edbi\" n\u00e0y, n\u01a1i v\u1eadn chuy\u1ec3n 1\/5 l\u01b0\u1ee3ng d\u1ea7u to\u00e0n c\u1ea7u, b\u1ecb c\u1ea3n tr\u1edf \u0111\u00e3 tr\u1ef1c ti\u1ebfp \u0111\u1ea9y gi\u00e1 d\u1ea7u th\u00f4 Brent chu\u1ea9n to\u00e0n c\u1ea7u t\u0103ng v\u1ecdt l\u00ean tr\u00ean 100 USD\/th\u00f9ng, tr\u1edf th\u00e0nh \u0111i\u1ec3m kh\u1edfi \u0111\u1ea7u c\u1ed1t l\u00f5i khu\u1ea5y \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u. T\u1eeb ph\u1ea3n \u1ee9ng ban \u0111\u1ea7u c\u1ee7a th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i t\u00e0i ch\u00ednh cho th\u1ea5y, gi\u00e1 d\u1ea7u t\u0103ng v\u1ecdt \u0111\u1ea7u ti\u00ean \u0111\u00e3 g\u00e2y ra lo ng\u1ea1i m\u1ea1nh m\u1ebd v\u1ec1 \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t gia t\u0103ng t\u1eeb c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 nh\u00e0 ho\u1ea1ch \u0111\u1ecbnh ch\u00ednh s\u00e1ch. T\u00e2m l\u00fd n\u00e0y tr\u1edf th\u00e0nh y\u1ebfu t\u1ed1 h\u1ed7 tr\u1ee3 c\u1ed1t l\u00f5i cho s\u1ef1 t\u0103ng gi\u00e1 c\u1ee7a \u0111\u1ed3ng USD v\u00e0 l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9 trong th\u00e1ng 3 - trong v\u00f2ng ba tu\u1ea7n sau khi M\u1ef9 v\u00e0 Israel t\u1ea5n c\u00f4ng Iran, ch\u1ec9 s\u1ed1 USD Bloomberg \u0111\u00e3 t\u0103ng g\u1ea7n 2%. Wmax nh\u1eadn \u0111\u1ecbnh r\u1eb1ng, v\u00e0o th\u1eddi \u0111i\u1ec3m \u0111\u00f3, th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 \u0111\u01b0a t\u00e1c \u0111\u1ed9ng gi\u00e1 d\u1ea7u v\u00e0o h\u1ec7 th\u1ed1ng \u0111\u1ecbnh gi\u00e1 c\u00e1c bi\u1ebfn s\u1ed1 l\u1ea1m ph\u00e1t v\u00e0 th\u01b0\u01a1ng m\u1ea1i. \u0110\u1ed3ng USD, nh\u1edd \u0111\u1eb7c t\u00ednh tr\u00fa \u1ea9n an to\u00e0n truy\u1ec1n th\u1ed1ng v\u00e0 l\u1ee3i th\u1ebf s\u1ea3n xu\u1ea5t n\u0103ng l\u01b0\u1ee3ng c\u1ee7a M\u1ef9, \u0111\u00e3 tr\u1edf th\u00e0nh t\u00e0i s\u1ea3n \u0111\u01b0\u1ee3c \u01b0u ti\u00ean trong b\u1ed1i c\u1ea3nh b\u1ea5t \u1ed5n \u0111\u1ecba ch\u00ednh tr\u1ecb. Logic \u0111\u1ecbnh gi\u00e1 n\u00e0y c\u0169ng ho\u00e0n to\u00e0n ph\u00f9 h\u1ee3p v\u1edbi \u0111\u1eb7c \u0111i\u1ec3m giao d\u1ecbch c\u1ee7a th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i to\u00e0n c\u1ea7u tr\u01b0\u1edbc \u0111\u00f3.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"863\" height=\"534\" class=\"wp-image-9364\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_257-3.png\" alt=\"IMG_257\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_257-3.png 863w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_257-3-300x186.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_257-3-768x475.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_257-3-18x12.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_257-3-600x371.png 600w\" sizes=\"(max-width: 863px) 100vw, 863px\" \/><\/p>\n<p>Tuy nhi\u00ean, Wmax, k\u1ebft h\u1ee3p v\u1edbi k\u1ebft lu\u1eadn nghi\u00ean c\u1ee9u c\u1ee7a chuy\u00ean gia chi\u1ebfn l\u01b0\u1ee3c ngo\u1ea1i h\u1ed1i t\u1ea1i T\u1eadp \u0111o\u00e0n Goldman Sachs, Isabella Rosenberg, \u0111\u00e3 ph\u00e2n t\u00edch s\u00e2u h\u01a1n r\u1eb1ng th\u1ecb tr\u01b0\u1eddng \u0111ang c\u00f3 m\u1ed9t s\u1ef1 chuy\u1ec3n \u0111\u1ed5i quan tr\u1ecdng trong c\u00e1ch di\u1ec5n gi\u1ea3i v\u1ec1 s\u1ef1 t\u0103ng v\u1ecdt c\u1ee7a gi\u00e1 d\u1ea7u: n\u1ebfu m\u1ed1i quan ng\u1ea1i c\u1ed1t l\u00f5i c\u1ee7a th\u1ecb tr\u01b0\u1eddng chuy\u1ec3n t\u1eeb \"lo ng\u1ea1i l\u1ea1m ph\u00e1t\" sang \"r\u1ee7i ro suy gi\u1ea3m t\u0103ng tr\u01b0\u1edfng\", th\u00ec \u0111\u00e0 t\u0103ng c\u1ee7a \u0111\u1ed3ng \u0111\u00f4 la s\u1ebd ch\u1eadm l\u1ea1i \u0111\u00e1ng k\u1ec3. T\u00ednh h\u1ee3p l\u00fd c\u1ee7a d\u1ef1 \u0111o\u00e1n n\u00e0y \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1ee9ng minh b\u1eb1ng nh\u1eefng t\u00e1c \u0111\u1ed9ng th\u1ef1c t\u1ebf l\u00ean n\u1ec1n kinh t\u1ebf th\u1ef1c, v\u00e0 cu\u1ed9c kh\u1ee7ng ho\u1ea3ng n\u0103ng l\u01b0\u1ee3ng \u1edf California, Hoa K\u1ef3, ch\u00ednh l\u00e0 h\u00ecnh \u1ea3nh thu nh\u1ecf ti\u00eau bi\u1ec3u c\u1ee7a nh\u1eefng t\u00e1c \u0111\u1ed9ng n\u00e0y, \u0111\u1ed3ng th\u1eddi c\u0169ng l\u00e0 \u0111i\u1ec3m nh\u1ea5n th\u1ef1c t\u1ebf cho nh\u1eefng lo ng\u1ea1i v\u1ec1 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf to\u00e0n c\u1ea7u. Wmax ph\u00e2n t\u00edch, California, do c\u00e1c ch\u00ednh s\u00e1ch m\u00f4i tr\u01b0\u1eddng d\u00e0i h\u1ea1n d\u1eabn \u0111\u1ebfn s\u1ef1 thu h\u1eb9p s\u1ea3n l\u01b0\u1ee3ng l\u1ecdc d\u1ea7u v\u00e0 s\u1ea3n l\u01b0\u1ee3ng d\u1ea7u th\u00f4 gi\u1ea3m li\u00ean t\u1ee5c trong b\u1ed1n th\u1eadp k\u1ef7, \u0111\u00e3 tr\u1edf th\u00e0nh m\u1ed9t \"h\u00f2n \u0111\u1ea3o n\u0103ng l\u01b0\u1ee3ng\" ph\u1ee5 thu\u1ed9c v\u00e0o 20%nhi\u00ean li\u1ec7u tinh ch\u1ebf nh\u1eadp kh\u1ea9u t\u1eeb ch\u00e2u \u00c1, v\u00e0 vi\u1ec7c eo bi\u1ec3n Hormuz b\u1ecb phong t\u1ecfa \u0111\u00e3 c\u1ea3n tr\u1edf nh\u1eadp kh\u1ea9u d\u1ea7u th\u00f4 c\u1ee7a ch\u00ednh c\u00e1c qu\u1ed1c gia ch\u00e2u \u00c1, bu\u1ed9c c\u00e1c nh\u00e0 m\u00e1y l\u1ecdc d\u1ea7u ph\u1ea3i gi\u1ea3m s\u1ea3n l\u01b0\u1ee3ng, d\u1eabn \u0111\u1ebfn vi\u1ec7c xu\u1ea5t kh\u1ea9u c\u00e1c s\u1ea3n ph\u1ea9m d\u1ea7u m\u1ecf sang California g\u1ea7n nh\u01b0 \u0111\u00ecnh tr\u1ec7, tr\u1ef1c ti\u1ebfp g\u00e2y ra nguy c\u01a1 thi\u1ebfu h\u1ee5t nhi\u00ean li\u1ec7u t\u1ea1i \u0111\u1ecba ph\u01b0\u01a1ng. Hi\u1ec7n t\u1ea1i, gi\u00e1 x\u0103ng m\u1ed7i gallon \u1edf California g\u1ea7n 6 \u0111\u00f4 la, cao h\u01a1n nhi\u1ec1u so v\u1edbi m\u1ee9c trung b\u00ecnh 4 \u0111\u00f4 la tr\u00ean to\u00e0n n\u01b0\u1edbc M\u1ef9, ngu\u1ed3n cung nhi\u00ean li\u1ec7u h\u00e0ng kh\u00f4ng v\u00e0 nhi\u00ean li\u1ec7u qu\u00e2n s\u1ef1 \u0111ang b\u00e1o \u0111\u1ed9ng, c\u00e1c t\u1eadp \u0111o\u00e0n h\u00e0ng \u0111\u1ea7u nh\u01b0 Chevron th\u1eadm ch\u00ed c\u00f2n \u0111\u01b0a ra c\u1ea3nh b\u00e1o r\u1eb1ng n\u1ebfu ch\u00ednh s\u00e1ch kh\u00f4ng \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh, h\u1ecd s\u1ebd ng\u1eebng ho\u1ea1t \u0111\u1ed9ng l\u1ecdc d\u1ea7u t\u1ea1i California trong v\u00f2ng m\u01b0\u1eddi n\u0103m. Wmax ti\u1ebfp t\u1ee5c d\u1ef1 \u0111o\u00e1n r\u1eb1ng t\u00ecnh tr\u1ea1ng kh\u00f3 kh\u0103n v\u1ec1 n\u0103ng l\u01b0\u1ee3ng c\u1ee7a California kh\u00f4ng ph\u1ea3i l\u00e0 tr\u01b0\u1eddng h\u1ee3p c\u00e1 bi\u1ec7t, v\u00e0 Goldman Sachs \u0111\u00e3 c\u1ea3nh b\u00e1o v\u1ec1 vi\u1ec7c \"cu\u1ed9c xung \u0111\u1ed9t Iran k\u00e9o d\u00e0i s\u1ebd g\u00e2y t\u1ed5n h\u1ea1i cho t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf v\u00e0 tri\u1ec3n v\u1ecdng ti\u1ec1n t\u1ec7 c\u1ee7a ch\u00e2u \u00c2u v\u00e0 ch\u00e2u \u00c1\".<\/p>\n<p>C\u1ea3nh b\u00e1o n\u00e0y c\u00f3 c\u01a1 s\u1edf th\u1ef1c t\u1ebf r\u00f5 r\u00e0ng - h\u1ea7u h\u1ebft c\u00e1c n\u1ec1n kinh t\u1ebf ch\u00e2u \u00c2u v\u00e0 ch\u00e2u \u00c1 ph\u1ee5 thu\u1ed9c v\u00e0o nh\u1eadp kh\u1ea9u n\u0103ng l\u01b0\u1ee3ng, gi\u00e1 d\u1ea7u t\u0103ng v\u00e0 gi\u00e1n \u0111o\u1ea1n chu\u1ed7i cung \u1ee9ng s\u1ebd tr\u1ef1c ti\u1ebfp k\u00ecm h\u00e3m s\u1ee9c s\u1ed1ng kinh t\u1ebf c\u1ee7a h\u1ecd, \u0111i\u1ec1u n\u00e0y c\u0169ng l\u00e0m thay \u0111\u1ed5i logic \u0111\u1ecbnh gi\u00e1 ti\u1ec1n t\u1ec7 tr\u00ean th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i. Wmax tin r\u1eb1ng n\u1ebfu lo ng\u1ea1i v\u1ec1 t\u0103ng tr\u01b0\u1edfng ti\u1ebfp t\u1ee5c lan r\u1ed9ng v\u00e0 d\u1eabn \u0111\u1ebfn th\u1eaft ch\u1eb7t m\u00f4i tr\u01b0\u1eddng t\u00e0i ch\u00ednh do ch\u1ee9ng kho\u00e1n d\u1eabn d\u1eaft, t\u00ednh n\u0103ng tr\u00fa \u1ea9n an to\u00e0n truy\u1ec1n th\u1ed1ng c\u1ee7a \u0111\u1ed3ng Y\u00ean v\u00e0 Franc Th\u1ee5y S\u0129 s\u1ebd n\u1ed5i b\u1eadt tr\u1edf l\u1ea1i, tr\u1edf th\u00e0nh nh\u1eefng \u0111\u1ed3ng ti\u1ec1n c\u00f3 m\u1ee9c t\u0103ng m\u1ea1nh nh\u1ea5t so v\u1edbi \u0111\u1ed3ng USD; trong khi \u0111\u00f3, c\u00e1c \u0111\u1ed3ng ti\u1ec1n th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i s\u1ebd g\u1eb7p kh\u00f3 kh\u0103n \"\u0111\u00e1ng k\u1ec3\" do tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf x\u1ea5u \u0111i. Ngay c\u1ea3 khi \u0111\u1ed3ng USD v\u1eabn c\u00f3 th\u1ec3 duy tr\u00ec xu h\u01b0\u1edbng m\u1ea1nh l\u00ean t\u01b0\u01a1ng \u0111\u1ed1i so v\u1edbi c\u00e1c \u0111\u1ed3ng ti\u1ec1n G-10, th\u00ec nhi\u1ec1u kh\u1ea3 n\u0103ng s\u1ebd kh\u00f4ng th\u1ec3 ti\u1ebfp t\u1ee5c \u0111\u00e0 t\u0103ng m\u1ea1nh nh\u01b0 th\u00e1ng 3, nguy\u00ean nh\u00e2n c\u1ed1t l\u00f5i l\u00e0 \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t do gi\u00e1 d\u1ea7u t\u0103ng cao \u0111ang \u0111\u1ed1i tr\u1ecdng v\u1edbi \u00e1p l\u1ef1c t\u0103ng tr\u01b0\u1edfng do kh\u1ee7ng ho\u1ea3ng n\u0103ng l\u01b0\u1ee3ng g\u00e2y ra, tr\u1ef1c ti\u1ebfp l\u00e0m suy y\u1ebfu \u0111\u1ed9ng l\u1ef1c c\u1ed1t l\u00f5i \u0111\u1ec3 \u0111\u1ed3ng USD t\u0103ng gi\u00e1. \u0110\u1ed3ng th\u1eddi, s\u1ef1 h\u1ed7n lo\u1ea1n trong ch\u00ednh s\u00e1ch n\u1ed9i b\u1ed9 c\u1ee7a Hoa K\u1ef3 trong b\u1ed1i c\u1ea3nh gi\u00e1 d\u1ea7u t\u0103ng cao c\u00e0ng l\u00e0m gia t\u0103ng lo ng\u1ea1i v\u1ec1 r\u1ee7i ro \u0111\u1ed1i v\u1edbi t\u00e0i s\u1ea3n b\u1eb1ng \u0111\u1ed3ng USD tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh, \u0111\u1ed3ng th\u1eddi c\u0169ng l\u00e0m cho hi\u1ec7n t\u01b0\u1ee3ng \"s\u1ef1 \u0111\u00ecnh tr\u1ec7 c\u1ee7a m\u1ee9c \u01b0u \u0111\u00e3i USD\" m\u00e0 Ng\u00e2n h\u00e0ng Barclays quan s\u00e1t \u0111\u01b0\u1ee3c c\u00f3 c\u01a1 s\u1edf th\u1ef1c t\u1ebf m\u1ea1nh m\u1ebd h\u01a1n. Wmax \u0111\u00e1nh gi\u00e1, v\u1edbi t\u01b0 c\u00e1ch l\u00e0 \u0111\u1ed3ng ti\u1ec1n \u0111\u1ecbnh gi\u00e1 th\u01b0\u01a1ng m\u1ea1i d\u1ea7u th\u00f4 to\u00e0n c\u1ea7u, c\u1ed9ng v\u1edbi nhu c\u1ea7u tr\u00fa \u1ea9n an to\u00e0n trong b\u1ed1i c\u1ea3nh b\u1ea5t \u1ed5n \u0111\u1ecba ch\u00ednh tr\u1ecb, \u0111\u1ed3ng USD l\u1ebd ra \u0111\u00e3 nh\u1eadn \u0111\u01b0\u1ee3c s\u1ef1 h\u1ed7 tr\u1ee3 \u0111\u1ecbnh gi\u00e1 m\u1ea1nh m\u1ebd h\u01a1n do gi\u00e1 d\u1ea7u t\u0103ng cao, nh\u01b0ng ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t th\u1ef1c t\u1ebf k\u1ef3 h\u1ea1n 10 n\u0103m ng\u00e0y c\u00e0ng l\u1edbn gi\u1eefa Hoa K\u1ef3 v\u00e0 ch\u00e2u \u00c2u, \u0111\u00e3 kh\u00f4ng chuy\u1ec3n th\u00e0nh m\u1ee9c t\u0103ng t\u01b0\u01a1ng \u1ee9ng c\u1ee7a \u0111\u1ed3ng USD so v\u1edbi \u0111\u1ed3ng Euro.<\/p>\n<p><img decoding=\"async\" width=\"930\" height=\"602\" class=\"wp-image-9365\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-9.png\" alt=\"IMG_256\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-9.png 930w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-9-300x194.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-9-768x497.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-9-18x12.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-9-900x583.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-9-600x388.png 600w\" sizes=\"(max-width: 930px) 100vw, 930px\" \/><\/p>\n<p>C\u1ed1t l\u00f5i v\u1ea5n \u0111\u1ec1 n\u1eb1m \u1edf s\u1ef1 kh\u00f4ng ch\u1eafc ch\u1eafn \u0111a chi\u1ec1u c\u1ee7a ch\u00ednh s\u00e1ch Hoa K\u1ef3: m\u1ed9t m\u1eb7t, ch\u00ednh quy\u1ec1n Trump \u0111\u00e3 s\u1eed d\u1ee5ng quy\u1ec1n h\u1ea1n th\u1eddi chi\u1ebfn kh\u1ea9n c\u1ea5p \u0111\u1ec3 kh\u1edfi \u0111\u1ed9ng l\u1ea1i s\u1ea3n xu\u1ea5t d\u1ea7u ngo\u00e0i kh\u01a1i California v\u00e0 t\u1ea1m d\u1eebng \u0110\u1ea1o lu\u1eadt Jones \u0111\u1ec3 \u0111\u1ed1i ph\u00f3 v\u1edbi kh\u1ee7ng ho\u1ea3ng n\u0103ng l\u01b0\u1ee3ng, t\u00ednh ch\u1ea5t t\u1ea1m th\u1eddi c\u1ee7a c\u00e1c ch\u00ednh s\u00e1ch kh\u1ea9n c\u1ea5p n\u00e0y khi\u1ebfn th\u1ecb tr\u01b0\u1eddng kh\u00f3 h\u00ecnh th\u00e0nh k\u1ef3 v\u1ecdng \u1ed5n \u0111\u1ecbnh; m\u1eb7t kh\u00e1c, s\u1ef1 \u0111\u1ed1i l\u1eadp v\u1ec1 ch\u00ednh s\u00e1ch gi\u1eefa ch\u00ednh quy\u1ec1n California, ch\u00ednh quy\u1ec1n li\u00ean bang v\u00e0 c\u00e1c c\u00f4ng ty d\u1ea7u m\u1ecf \u0111\u00e3 khi\u1ebfn vi\u1ec7c gi\u1ea3i quy\u1ebft kh\u1ee7ng ho\u1ea3ng n\u0103ng l\u01b0\u1ee3ng r\u01a1i v\u00e0o b\u1ebf t\u1eafc\u2014c\u00e1c c\u00f4ng ty nh\u01b0 Chevron y\u00eau c\u1ea7u California tuy\u00ean b\u1ed1 t\u00ecnh tr\u1ea1ng kh\u1ea9n c\u1ea5p v\u1ec1 n\u0103ng l\u01b0\u1ee3ng, c\u1ea3i c\u00e1ch ch\u00ednh s\u00e1ch m\u00f4i tr\u01b0\u1eddng v\u00e0 thu\u1ebf, trong khi v\u0103n ph\u00f2ng Th\u1ed1ng \u0111\u1ed1c California Newsom c\u00e1o bu\u1ed9c c\u00e1c c\u00f4ng ty d\u1ea7u m\u1ecf \"l\u00e0m gi\u00e0u\" b\u1eb1ng c\u00e1ch l\u1ee3i d\u1ee5ng chi\u1ebfn tranh, quy tr\u00e1ch nhi\u1ec7m gi\u00e1 d\u1ea7u cao cho \"cu\u1ed9c chi\u1ebfn kh\u00f4ng ng\u1eebng ngh\u1ec9\" c\u1ee7a Trump. K\u1ebft lu\u1eadn nghi\u00ean c\u1ee9u c\u1ee7a nh\u00f3m Barclays \u0111\u00e3 \u0111\u01b0\u1ee3c ki\u1ec3m ch\u1ee9ng ch\u00e9o v\u1edbi \u0111\u00e1nh gi\u00e1 c\u1ee7a Wmax, s\u1ef1 bi\u1ebfn \u0111\u1ed9ng n\u00e0y v\u00e0 nh\u1eefng chia r\u1ebd n\u1ed9i b\u1ed9 khi\u1ebfn c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1eb7t c\u01b0\u1ee3c v\u00e0o \u0111\u1ed3ng \u0111\u00f4 la \u0111\u1ed1i m\u1eb7t v\u1edbi r\u1ee7i ro kh\u00f3 l\u01b0\u1eddng t\u1eeb c\u00e1c tuy\u00ean b\u1ed1 b\u1ea5t l\u1ee3i b\u1ea5t ng\u1edd t\u1eeb Nh\u00e0 Tr\u1eafng, v\u00e0 c\u0169ng khi\u1ebfn ph\u1ea7n b\u00f9 \u0111\u00f4 la - l\u1ee3i nhu\u1eadn v\u01b0\u1ee3t tr\u1ed9i m\u00e0 c\u00e1c nh\u00e0 giao d\u1ecbch c\u1ea7n \u0111\u1ec3 n\u1eafm gi\u1eef t\u00e0i s\u1ea3n b\u1eb1ng \u0111\u00f4 la - v\u1ec1 c\u01a1 b\u1ea3n b\u1ecb \u0111\u00ecnh tr\u1ec7 k\u1ec3 t\u1eeb khi Trump \u0111\u01b0a ra tuy\u00ean b\u1ed1 \u00e1p thu\u1ebf to\u00e0n di\u1ec7n. Wmax c\u0169ng nh\u1eadn th\u1ea5y r\u1eb1ng l\u0129nh v\u1ef1c c\u00f4ng ngh\u1ec7, v\u1ed1n tr\u01b0\u1edbc \u0111\u00e2y \u0111\u00e3 c\u1ee7ng c\u1ed1 t\u00ednh v\u01b0\u1ee3t tr\u1ed9i c\u1ee7a t\u00e0i s\u1ea3n \u0111\u00f4 la, \u0111\u00e3 b\u1ecb t\u1ed5n h\u1ea1i v\u1ec1 logic c\u1ed1t l\u00f5i trong b\u1ed1i c\u1ea3nh bi\u1ebfn \u0111\u1ed9ng gia t\u0103ng c\u1ee7a c\u00e1c c\u1ed5 phi\u1ebfu c\u00e1 nh\u00e2n v\u1ec1 tr\u00ed tu\u1ec7 nh\u00e2n t\u1ea1o, y\u1ebfu t\u1ed1 n\u00e0y c\u00e0ng l\u00e0m gia t\u0103ng lo ng\u1ea1i c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111\u1ed1i v\u1edbi t\u00e0i s\u1ea3n \u0111\u00f4 la. \u0110\u00e1nh gi\u00e1 c\u1ee7a chi\u1ebfn l\u01b0\u1ee3c gia ngo\u1ea1i h\u1ed1i v\u00e0 l\u00e3i su\u1ea5t ch\u00e2u \u00c1 c\u1ee7a Bloomberg Industry Research c\u0169ng nh\u1ea5t qu\u00e1n v\u1edbi \u0111\u00e1nh gi\u00e1 d\u00e0i h\u1ea1n c\u1ee7a Wmax.<\/p>\n<p>S\u1ef1 m\u1ea1nh l\u00ean c\u1ee7a \u0111\u1ed3ng \u0111\u00f4 la \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi gi\u00e1 d\u1ea7u t\u0103ng v\u1ecdt \u0111\u00e3 tr\u1edf n\u00ean kh\u00f3 duy tr\u00ec, b\u1edfi \u00e1p l\u1ef1c t\u00e0i ch\u00ednh c\u1ee7a M\u1ef9 do kh\u1ee7ng ho\u1ea3ng n\u0103ng l\u01b0\u1ee3ng g\u00e2y ra v\u00e0 s\u1ef1 ph\u00e2n chia ch\u00ednh s\u00e1ch s\u1ebd khi\u1ebfn th\u1ecb tr\u01b0\u1eddng ch\u00fa \u00fd tr\u1edf l\u1ea1i \u0111\u1ebfn t\u00ednh b\u1ec1n v\u1eefng t\u00e0i ch\u00ednh c\u1ee7a M\u1ef9. Trong b\u1ed1i c\u1ea3nh l\u1eadp tr\u01b0\u1eddng ch\u00ednh s\u00e1ch di\u1ec1u h\u00e2u c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang, v\u1ea5n \u0111\u1ec1 phi \u0111\u00f4 la h\u00f3a c\u00f3 th\u1ec3 n\u1ed5i l\u00ean tr\u1edf l\u1ea1i, v\u00e0 t\u1ea5t c\u1ea3 c\u00e1c ngu\u1ed3n g\u1ed1c \u0111\u1ec1u ch\u1ec9 ra s\u1ef1 gia t\u0103ng gi\u00e1 d\u1ea7u v\u00e0 s\u1ef1 h\u1ed7n lo\u1ea1n c\u1ee7a chu\u1ed7i cung \u1ee9ng n\u0103ng l\u01b0\u1ee3ng do xung \u0111\u1ed9t Iran g\u00e2y ra. L\u1ea1m ph\u00e1t to\u00e0n c\u1ea7u c\u00e0ng kh\u00f3 gi\u1ea3m khi gi\u00e1 d\u1ea7u t\u0103ng v\u1ecdt v\u00e0 kh\u1ee7ng ho\u1ea3ng n\u0103ng l\u01b0\u1ee3ng \u0111an xen l\u1eabn nhau, l\u00e0m t\u0103ng th\u00eam t\u00e2m l\u00fd t\u00ecm ki\u1ebfm n\u01a1i tr\u00fa \u1ea9n an to\u00e0n v\u00e0 t\u00e2m l\u00fd ch\u1edd \u0111\u1ee3i c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh. Quan \u0111i\u1ec3m c\u1ee7a Goldman Sachs Rosenberg \"th\u1eddi gian xung \u0111\u1ed9t c\u00e0ng k\u00e9o d\u00e0i, l\u1ea1m ph\u00e1t c\u00e0ng kh\u00f3 gi\u1ea3m\" ho\u00e0n to\u00e0n ph\u00f9 h\u1ee3p v\u1edbi \u0111\u00e1nh gi\u00e1 v\u1ec1 s\u1ef1 l\u00e2y lan l\u1ea1m ph\u00e1t c\u1ee7a Wmax. Kh\u1ee7ng ho\u1ea3ng n\u0103ng l\u01b0\u1ee3ng \u1edf California \u0111ang bi\u1ebfn \u0111\u00e1nh gi\u00e1 n\u00e0y th\u00e0nh hi\u1ec7n th\u1ef1c: s\u1ef1 thi\u1ebfu h\u1ee5t c\u00f4ng su\u1ea5t l\u1ecdc d\u1ea7u v\u00e0 chi ph\u00ed v\u1eadn chuy\u1ec3n t\u0103ng \u0111\u00e3 \u0111\u1ea9y gi\u00e1 nhi\u00ean li\u1ec7u \u1edf California l\u00ean m\u1ee9c cao c\u1ee9ng nh\u1eafc, v\u00e0 \u0111\u1ed9 k\u1ebft d\u00ednh gi\u00e1 khu v\u1ef1c n\u00e0y \u0111ang d\u1ea7n lan sang to\u00e0n n\u01b0\u1edbc M\u1ef9, \u0111\u1ea9y m\u1ee9c l\u1ea1m ph\u00e1t chung c\u1ee7a M\u1ef9 l\u00ean cao; d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ea3n xu\u1ea5t c\u1eaft gi\u1ea3m v\u00e0 r\u00fat v\u1ed1n c\u1ee7a c\u00e1c c\u00f4ng ty d\u1ea7u m\u1ecf do ch\u00ednh s\u00e1ch nghi\u00eam ng\u1eb7t s\u1ebd khi\u1ebfn kho\u1ea3ng c\u00e1ch cung c\u1ea5p n\u0103ng l\u01b0\u1ee3ng d\u00e0i h\u1ea1n kh\u00f3 b\u00f9 \u0111\u1eafp, cu\u1ed1i c\u00f9ng t\u1ea1o th\u00e0nh m\u1ed9t v\u00f2ng lu\u1ea9n qu\u1ea9n \"gi\u00e1 d\u1ea7u cao - l\u1ea1m ph\u00e1t kh\u00f3 gi\u1ea3m - th\u1eaft ch\u1eb7t ch\u00ednh s\u00e1ch - t\u0103ng tr\u01b0\u1edfng ch\u1ecbu \u00e1p l\u1ef1c\". Wmax \u0111\u00e1nh gi\u00e1 r\u1eb1ng v\u00f2ng lu\u1ea9n qu\u1ea9n n\u00e0y kh\u00f4ng ch\u1ec9 khi\u1ebfn n\u1ec1n kinh t\u1ebf M\u1ef9 \u0111\u1ed1i m\u1eb7t v\u1edbi \u00e1p l\u1ef1c k\u00e9p v\u1ec1 l\u1ea1m ph\u00e1t v\u00e0 t\u0103ng tr\u01b0\u1edfng, m\u00e0 c\u00f2n khi\u1ebfn n\u1ed7i lo ng\u1ea1i v\u1ec1 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf c\u1ee7a th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u ti\u1ebfp t\u1ee5c gia t\u0103ng, t\u1eeb \u0111\u00f3 khi\u1ebfn vi\u1ec7c \u0111\u1ecbnh gi\u00e1 ti\u1ec1n t\u1ec7 tr\u00ean th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i lu\u00f4n b\u1ecb bao ph\u1ee7 b\u1edfi s\u1ef1 kh\u00f4ng ch\u1eafc ch\u1eafn.<\/p>\n<p><img decoding=\"async\" width=\"861\" height=\"545\" class=\"wp-image-9366\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-10.png\" alt=\"IMG_256\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-10.png 861w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-10-300x190.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-10-768x486.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-10-18x12.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/03\/img_256-10-600x380.png 600w\" sizes=\"(max-width: 861px) 100vw, 861px\" \/><\/p>\n<p>Sau khi t\u1ed5ng h\u1ee3p d\u1eef li\u1ec7u \u0111a chi\u1ec1u v\u00e0 \u0111\u1ed1i chi\u1ebfu ch\u00e9o quan \u0111i\u1ec3m t\u1eeb nhi\u1ec1u t\u1ed5 ch\u1ee9c, Wmax \u0111\u00e3 \u0111\u01b0a ra nh\u1eadn \u0111\u1ecbnh r\u00f5 r\u00e0ng v\u1ec1 logic truy\u1ec1n t\u1ea3i c\u1ed1t l\u00f5i c\u1ee7a cu\u1ed9c xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb l\u1ea7n n\u00e0y: S\u1ef1 ki\u1ec7n \u0111\u1ecba ch\u00ednh tr\u1ecb c\u1ed1t l\u00f5i t\u1ea1o ra c\u00fa s\u1ed1c gi\u00e1 ban \u0111\u1ea7u th\u00f4ng qua c\u00e1c h\u00e0ng h\u00f3a ch\u1ee7 ch\u1ed1t (d\u1ea7u th\u00f4), sau \u0111\u00f3 gi\u00e1 h\u00e0ng h\u00f3a li\u00ean k\u1ebft v\u1edbi chu\u1ed7i cung \u1ee9ng n\u0103ng l\u01b0\u1ee3ng to\u00e0n c\u1ea7u, g\u00e2y lo ng\u1ea1i v\u1ec1 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf th\u1ef1c, v\u00e0 \u00e1p l\u1ef1c l\u00ean kinh t\u1ebf th\u1ef1c l\u1ea1i t\u00e1c \u0111\u1ed9ng ng\u01b0\u1ee3c tr\u1edf l\u1ea1i th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh, t\u00e1i \u0111\u1ecbnh h\u00ecnh gi\u00e1 t\u00e0i s\u1ea3n v\u00e0 xu h\u01b0\u1edbng ti\u1ec1n t\u1ec7; \u0110\u1ed3ng th\u1eddi, s\u1ef1 kh\u00e1c bi\u1ec7t trong ch\u00ednh s\u00e1ch \u1ee9ng ph\u00f3 kh\u1ee7ng ho\u1ea3ng c\u1ee7a c\u00e1c qu\u1ed1c gia s\u1ebd c\u00e0ng l\u00e0m tr\u1ea7m tr\u1ecdng th\u00eam nh\u1eefng lo ng\u1ea1i v\u1ec1 r\u1ee7i ro tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh, cu\u1ed1i c\u00f9ng h\u00ecnh th\u00e0nh hi\u1ec7u \u1ee9ng c\u1ed9ng h\u01b0\u1edfng tr\u00ean nhi\u1ec1u l\u0129nh v\u1ef1c n\u0103ng l\u01b0\u1ee3ng, t\u00e0i ch\u00ednh v\u00e0 kinh t\u1ebf th\u1ef1c. T\u00ecnh tr\u1ea1ng ho\u1ea1t \u0111\u1ed9ng c\u1ee7a eo bi\u1ec3n Hormuz v\u1eabn l\u00e0 bi\u1ebfn s\u1ed1 c\u1ed1t l\u00f5i c\u1ee7a s\u1ef1 truy\u1ec1n t\u1ea3i n\u00e0y: N\u1ebfu eo bi\u1ec3n ti\u1ebfp t\u1ee5c b\u1ecb phong t\u1ecfa, gi\u00e1 d\u1ea7u cao s\u1ebd ti\u1ebfp t\u1ee5c k\u00ecm h\u00e3m t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf to\u00e0n c\u1ea7u, \u0111\u00e0 t\u0103ng gi\u00e1 tr\u1ecb tr\u00fa \u1ea9n an to\u00e0n c\u1ee7a \u0111\u1ed3ng USD s\u1ebd b\u1ecb h\u1ea1n ch\u1ebf h\u01a1n n\u1eefa b\u1edfi lo ng\u1ea1i t\u0103ng tr\u01b0\u1edfng, v\u00e0 kh\u1ee7ng ho\u1ea3ng n\u0103ng l\u01b0\u1ee3ng ki\u1ec3u California c\u00f3 th\u1ec3 x\u1ea3y ra \u1edf nhi\u1ec1u khu v\u1ef1c ph\u1ee5 thu\u1ed9c v\u00e0o nh\u1eadp kh\u1ea9u n\u0103ng l\u01b0\u1ee3ng h\u01a1n.<\/p>\n<p>N\u1ebfu ho\u1ea1t \u0111\u1ed9ng h\u00e0ng h\u1ea3i eo bi\u1ec3n \u0111\u01b0\u1ee3c n\u1ed1i l\u1ea1i, vi\u1ec7c gi\u00e1 d\u1ea7u gi\u1ea3m c\u00f3 th\u1ec3 t\u1ea1m th\u1eddi gi\u1ea3m b\u1edbt \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t v\u00e0 t\u0103ng tr\u01b0\u1edfng, nh\u01b0ng s\u1ef1 kh\u00f4ng ch\u1eafc ch\u1eafn v\u1ec1 ch\u00ednh s\u00e1ch do xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb v\u00e0 chi ph\u00ed t\u00e1i c\u1ea5u tr\u00fac chu\u1ed7i cung \u1ee9ng n\u0103ng l\u01b0\u1ee3ng to\u00e0n c\u1ea7u s\u1ebd khi\u1ebfn th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh v\u00e0 n\u0103ng l\u01b0\u1ee3ng to\u00e0n c\u1ea7u kh\u00f3 c\u00f3 th\u1ec3 s\u1edbm tr\u1edf l\u1ea1i b\u00ecnh th\u01b0\u1eddng. S\u1ef1 c\u1ed9ng h\u01b0\u1edfng th\u1ecb tr\u01b0\u1eddng do xung \u0111\u1ed9t Iran l\u1ea7n n\u00e0y c\u0169ng gi\u00f3ng l\u00ean h\u1ed3i chu\u00f4ng c\u1ea3nh b\u00e1o cho c\u00e1c qu\u1ed1c gia tr\u00ean th\u1ebf gi\u1edbi. Wmax cho r\u1eb1ng, trong h\u1ec7 th\u1ed1ng n\u0103ng l\u01b0\u1ee3ng v\u00e0 t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u h\u00f3a, t\u00e1c \u0111\u1ed9ng c\u1ee7a xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb \u0111\u00e3 kh\u00f4ng c\u00f2n bi\u00ean gi\u1edbi, v\u00e0 nh\u1eefng \u0111i\u1ec3m y\u1ebfu mang t\u00ednh c\u1ea5u tr\u00fac trong an ninh n\u0103ng l\u01b0\u1ee3ng c\u1ee7a c\u00e1c qu\u1ed1c gia kh\u00f4ng ch\u1ec9 g\u00e2y ra kh\u1ee7ng ho\u1ea3ng cung c\u1ea5p n\u0103ng l\u01b0\u1ee3ng trong n\u01b0\u1edbc m\u00e0 c\u00f2n tr\u1edf th\u00e0nh y\u1ebfu t\u1ed1 r\u1ee7i ro quan tr\u1ecdng trong vi\u1ec7c \u0111\u1ecbnh gi\u00e1 th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u. Trong b\u1ed1i c\u1ea3nh n\u00e0y, vi\u1ec7c c\u00e2n b\u1eb1ng gi\u1eefa an ninh cung c\u1ea5p n\u0103ng l\u01b0\u1ee3ng v\u1edbi c\u00e1c m\u1ee5c ti\u00eau ph\u00e1t tri\u1ec3n d\u00e0i h\u1ea1n, x\u00e2y d\u1ef1ng chu\u1ed7i cung \u1ee9ng n\u0103ng l\u01b0\u1ee3ng v\u00e0 h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh linh ho\u1ea1t h\u01a1n, tr\u1edf th\u00e0nh l\u1ef1a ch\u1ecdn t\u1ea5t y\u1ebfu c\u1ee7a th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u trong b\u1ed1i c\u1ea3nh b\u1ea5t \u1ed5n \u0111\u1ecba ch\u00ednh tr\u1ecb.<\/p>\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Xung \u0111\u1ed9t M\u1ef9-Iran l\u00e0m eo bi\u1ec3n Hormuz b\u1ecb c\u1ea3n tr\u1edf, gi\u00e1 d\u1ea7u t\u0103ng v\u1ecdt l\u00ean tr\u00ean 100 USD, g\u00e2y ra t\u00e1c \u0111\u1ed9ng truy\u1ec1n lan hai chi\u1ec1u tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh v\u00e0 n\u0103ng l\u01b0\u1ee3ng to\u00e0n c\u1ea7u. Kh\u1ee7ng ho\u1ea3ng n\u0103ng l\u01b0\u1ee3ng \u1edf California l\u00e0 h\u00ecnh \u1ea3nh thu nh\u1ecf c\u1ee7a m\u1ed1i lo ng\u1ea1i t\u0103ng tr\u01b0\u1edfng, \u0111\u00e0 t\u0103ng c\u1ee7a USD v\u1edbi t\u01b0 c\u00e1ch l\u00e0 t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n b\u1ecb h\u1ea1n ch\u1ebf b\u1edfi s\u1ef1 kh\u00e1c bi\u1ec7t v\u1ec1 ch\u00ednh s\u00e1ch, thu\u1ed9c t\u00ednh tr\u00fa \u1ea9n an to\u00e0n c\u1ee7a Y\u00ean Nh\u1eadt v\u00e0 Franc Th\u1ee5y S\u0129 c\u00f3 th\u1ec3 t\u00e1i kh\u1eb3ng \u0111\u1ecbnh. Theo d\u00f5i t\u00ecnh h\u00ecnh giao th\u00f4ng tr\u00ean eo bi\u1ec3n, n\u1ebfu ti\u1ebfp t\u1ee5c phong t\u1ecfa s\u1ebd k\u00ecm h\u00e3m t\u0103ng tr\u01b0\u1edfng to\u00e0n c\u1ea7u, h\u1ea1n ch\u1ebf \u0111\u00e0 t\u0103ng c\u1ee7a USD.<\/p>","protected":false},"author":1,"featured_media":9363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[121],"tags":[709,669,766],"class_list":["post-9362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-709","tag-669","tag-766"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/9362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/comments?post=9362"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/9362\/revisions"}],"predecessor-version":[{"id":9367,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/9362\/revisions\/9367"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/9363"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=9362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=9362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=9362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}