AIRSTRIKES HIT POPULAR MOBILIZATION FORCES POSITION IN IRAQI TOWN OF AL-QAIM ON THE SYRIAN BORDER, WOUND FOUR FIGHTERS -ARMY SOURCES
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JAPAN FINMIN KATAYAMA: G7 ENERGY MINISTERS ARE EXPECTED TO MEET TONIGHT TO DISCUSS PROCESS OF OIL RESERVE RELEASE
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JAPAN FINMIN KATAYAMA: NO DOUBT THAT DROP IN OIL FUTURES WAS RESULT OF G7 SOLIDARITY, THOUGH NOT SURE IF THEY HAVE FALLEN ENOUGH
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Islamic Revolutionary Guard Corps: ‘Our armed forces are waiting for the entry of the US Navy into the Strait of Hormuz and the arrival of the aircraft carrier Gerald Ford.’
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*IRAN PLANS TO IMPOSE DUTIES ON TANKERS IN PERSIAN GULF: CNN
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NORTH KOREA'S KIM YO JONG SAYS JOINT U.S.-SOUTH KOREA DRILLS WILL HURT REGIONAL STABILITY
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IRAN'S IRGC SAYS TEHRAN WOULD NOT ALLOW EXPORT OF 'ONE LITRE OF OIL' FROM REGION IF U.S., ISRAELI ATTACKS CONTINUE -STATE MEDIA
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IRAN'S REVOLUTIONARY GUARDS SPOKESPERSON SAYS TRUMP'S COMMENTS ABOUT IRAN WERE 'NONSENSE'
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IRAN'S GUARDS SPOKESPERSON WARNS THAT SECURITY IN THE REGION WILL BE FOR EVERYONE OR FOR NO ONE -STATE MEDIA
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S&P 500 EMINIS FALL 0.5%, NASDAQ FUTURES DOWN 0.6%
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IRAN’S AMBASSADOR TO CHINA: PASSAGE THROUGH THE STRAIT OF HORMUZ WILL BE CONTROLLED, BUT THE STRAIT WILL NOT BE CLOSED
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HEDGE FUNDS STUNG BY WAR-DRIVEN MARKET SWINGS

Several major hedge funds known for steady returns suffered losses last week as the war with Iran triggered sharp market volatility.

Millennium Management lost about $1.5 billion, or 1.7% of assets, in the week through March 6,
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STOPPING THE WAR IS THE ONLY SOLUTION TO REOPEN HORMUZ FOR OIL AND GAS EXPORTS - TOP GULF ENERGY INDUSTRY OFFICIAL
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IRAN BEGINS NEW WAVE OF MISSILE STRIKES ON NORTHERN ISRAEL: TV
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*IRAN'S IRIB: EXPLOSION OF AN OIL TANKER NEAR ABU DHABI
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HSBC RAISES AVERAGE 2026 BRENT PRICE FORECAST TO $80/BBL
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U.S. DEFENSE SECRETARY HEGSETH: IRAN STANDS ALONE AND IS BADLY LOSING
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HEGSETH: TODAY WILL BE MOST INTENSE DAY OF STRIKES
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UAE RUWAIS REFINERY STOPPED AS PRECAUTION AFTER DRONE ATTACK
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*US WON’T END IRAN WAR UNTIL ENEMY IS DEFEATED: HEGSETH
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OIL DEMAND DESTRUCTION ABOVE $155/BBL

Oil demand would likely only fall if prices surge to around $155 per barrel, according to AllianceBernstein analyst Irene Himona. That level would match the 5.2% oil burden last seen in 2007, when high prices began to curb consumption.

The
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