In order to solve the problems of conventional water injection development difficulties and low recovery factor in low-permeability reservoirs, the method of high-pressure air drive is adopted to achieve the purpose of reservoir energy enhancement and efficiency improvement. This paper conducted an experimental study on the mechanism of low-temperature oxidation (LTO) for crude oil in the process of high-pressure air flooding, elaborated the relationship between the LTO properties of crude oil and the temperature, pressure, and water saturation of the reservoir, and analyzed the differences in LTO oxygen consumption and oil components under different reaction conditions. In addition, combined with the air flooding physical simulation experiment, the dynamic evolution law of recovery rate in the air flooding process was revealed. Findings from this inquiry indicate that an escalation in the oxidation temperature significantly amplifies the oxygen incorporation reaction within the crude oil matrix. This augmentation in oxidative conditions leads to an uptick in oxygen consumption, which subsequently precipitates a reduction in the lighter fractions of the oxidized oil while enriching its heavier components. Elevated pressures were found to enhance the propensity for the amalgamation of unstable hydrocarbons with oxygen, fostering comprehensive and heterogeneous oxidation reactions. Notably, an excessive presence of water was observed to detrimentally affect the thermal efficacy of crude oil oxidation processes. In the context of low-permeability reservoirs, air injection techniques have emerged as superior in effectuating oil displacement, although an increase in injection pressures has been associated with the phenomenon of gas channeling. Interestingly, adopting a sequential strategy of initiating water flooding before air flooding facilitated the conveyance of high-pressure air via established flushing channels, although it appeared to attenuate the intensity of crude oil oxidation, culminating in an oil recovery efficiency peaking at 51%.