It could also be a play to squeeze China or similar nation dependent on middle east oil. USA semicon production not ready, if there were signals that China was ready for a play on Taiwan maybe this is a gambit to buy some time.
https://open.substack.com/pub/endtropy/p/trumps-enormous-c-l...
As your own reply alludes, electrification was clearly strategic move to reduce their risk in a scenario such as where we find ourselves today.
However, there are things that you can do with petroleum you can never do with batteries e.g. lubricants, asphalt, plastics, cosmetics, jet fuel, etc.
China doesn’t seem to be squeezed when they seem to have a deal with Iran to buy in yuan.
If your currency is falling against foreign currencies but prices are also dropping domestically, you get deflation. This was happening in China a couple of years ago, and they were exporting this deflation to other countries.