Indiaโs rupee may weaken to a record 100 per dollar or beyond if the Iran war drags on.
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Oil price has crashed nearly -8% today to $96.98 after Trump said US will end war and leave Iran in 2-3 weeks.
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๐ฎ๐ท๐ง๐ญ Iran has reportedly struck Amazon($AMZN) servers in Bahrain
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๐บ๐ธ The U.S. Treasury is projected to buy back $15 billion of its own debt today.
The largest Treasury buyback in history.
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Warren Buffett says he is waiting for a larger move to the downside and considers the March move insignificant.
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๐บ๐ธ $1.74T Franklin Templeton agrees to acquire crypto firm CoinFund as part of its digital asset expansion, aiming to offer strategies for institutional investors.
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โOnly Iran & Oman Decideโ Tehran Draws Red Line Over Hormuz
Iran's FM Araghchi declared only Tehran & Oman will decide the future of Hormuz, while confirming there was no negotiation but only messages from U.S. through Witkoff. He warned Iran is more than ready for a ground war & will restrict access only to enemy ships.
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SPX: $6528
NASDAQ: $21590
DXY: $99
Gold: $4760
Silver: $75
Bitcoin: $68367
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๐ท๐ด Romania's government has declared a state of crisis on the crude oil and petroleum products market, effective April 1 to June 30, 2026.
The emergency ordinance, adopted last week, caps commercial markups on gasoline and diesel at 2025 average levels, restricts fuel exports, and includes other measures to protect consumers and the economy amid rising prices linked to the conflict in the Middle East. The measures may be extended in three-month increments if needed.
Romania, a NATO member, maintains sufficient strategic reserves and has noted exceptions for potential NATO requests.
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๐ฎ๐ท IRAN: STRAIT WON'T REOPEN BASED ON TRUMP'S 'ABSURD' DISPLAYS.
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The trade war between the US and China has lasted two years.
Tariffs have been raised, lowered, and partly overturned by courts.
Currently, the tariff rate on Chinese imports remains around 34%, the highest among all US partners.
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U.S. President Trump has threatened to halt U.S. weapons supplies to Ukraine to pressure European allies into joining a โcoalition of the willingโ aimed at reopening the Strait of Hormuz.
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๐ฐ๐ท South Korea's KOSPI down by over 3.5% after Trump's comments on Iran war.
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๐ฎ๐ท Iran says any European, Asian, or Arab country is welcome to reach out for an agreement to transit through the Strait of Hormuz.
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The EU will transfer โฌ1.4 billion to Ukraine from profits generated by frozen assets of Russia's central bank.
The funds come from interest accumulated on these assets, which remain frozen under EU sanctions. (Kyiv Post)
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๐ซ๐ท French President Macron says any military operation to open the Strait of Hormuz would be unrealistic.
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๐บ๐ธ US Initial Jobless Claims:
Actual: 202k
Expected: 212k
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๐บ๐ธ US oil prices surge above $112/barrel, now up +13% on the day.
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S&P 500 erases -$830 billion as US markets open for the first time since President Trump's Iran War speech.
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