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NEWS: Three more commercial ships continue to be attacked by 🇮🇷 Iran in the Strait of Hormuz today. A Thai-flagged cargo ship, Mayuree Naree, was damaged near the coast of Oman; a Japanese container ship, One Majesty, was lightly damaged near Ras Al Khaimah (UAE); and another cargo ship was attacked near the northwest area of Dubai.
The latest incident brings the total number of commercial ships attacked since the outbreak of the Middle East conflict to at least 14.
Crude oil prices $WTI have started to rise again.

NEWS: The IEA announces it will release 400 million barrels of oil from emergency reserves to stabilize the market.
WTI and Brent crude prices fell by about $3 but have recovered. It seems the market has already priced in the news from previous days.
Analysts believe that strategic reserves are only a temporary solution, not a long-term supply source.
If the conflict persists and reserves are heavily used, countries will need to replenish them, which could increase oil demand in the future rather than reduce pressure on the market.

🔴U.S. President Trump: Iran has "almost no targets left to attack" and the war with Iran will end soon.
🔴U.S. President Trump: The Iran war will end soon, "When I want it to end, it will end then."

🔴 Iran declares no longer limited to proportional retaliation
On March 11, Iran emphasized that any ships belonging to the US, Israel, and their partners, or the oil cargo they transport, are considered "legitimate targets" of the Iranian armed forces.
Emphasizing that Iran's previous "proportional retaliation" has ended, and from now on, Iran will implement a "continuous attack" strategy, no longer maintaining the previous one-to-one retaliation pace.

LATEST: A cargo ship caught fire after being shot at in the Strait of Hormuz. The Royal Navy stated that the crew had to urgently abandon the ship after it requested rescue.
UKMTO reported that the incident occurred about 11 nautical miles off the coast of Oman. From February 28 to March 10, the agency received at least 10 reports of attacks on ships, and warned that the maritime threat level is currently "extremely dangerous."
Previously, Trump and the United States had announced plans to escort ships through the strait, but they have not yet been deployed.

NEWS: The IEA is proposing the largest release of oil reserves in history to cool down the soaring oil prices caused by the US–Israel conflict with Iran.
According to the Wall Street Journal, the amount of oil expected to be released into the market could exceed 182 million barrels – a level previously released by IEA countries during the Russia–Ukraine crisis in 2022.
The proposal has been discussed at an emergency meeting of 32 member countries, and a final decision is expected to be made on Wednesday.

🔴The U.S. intelligence agency has begun detecting signs that Iran is taking measures to mine the Strait of Hormuz.
Oil prices rebounded after the news
🔴Earlier, the U.S. Secretary of Energy reported that the U.S. Navy successfully escorted a tanker through this waterway, but then retracted the information. The truth is, the U.S. Navy has not yet escorted a tanker through the Strait of Hormuz.
🔴Iran immediately declared: Any actions by the U.S. fleet and their allies will be blocked within the range of our missiles and drones. In wartime, no U.S. warship dares to approach the waters of Oman,

NEWS: Russia takes advantage of large crude oil releases as oil prices surge.
Vladimir Putin calls on Russian oil companies to capitalize on the spike in energy prices caused by Middle East tensions to boost exports and use the additional revenue to reduce debt with domestic banks.
He believes that disruptions in supply at the Strait of Hormuz could cause oil and LNG production dependent on this shipping route to halt for about a month, and restoring supply could take several weeks to a month.
However, Putin emphasizes that the current high oil prices are only temporary, as the market will eve

🔴Theo tờ Financial Times của Anh: G7 (United States, Japan, Germany, the UK, France, Italy, and Canada) will discuss jointly releasing emergency oil reserves, with three G7 countries, including the United States, already expressing support for releasing the emergency oil stockpile.
🔴 International oil prices dropped sharply again following the news.

🔴 Qatar warns Gulf export countries may collectively halt production, oil prices could rise to $150 per barrel
According to the UK-based Financial Times, Qatar's Energy Minister has issued a warning that the Middle East conflict could "weaken the global economy" and predicts that all Gulf energy-exporting countries will cease production within a few weeks, pushing oil prices up to $150 per barrel.
Saad al-Kaabi stated that even if the war ends immediately, Qatar will still need "a few weeks to several months" to restore normal supply cycles after their largest natural gas plant was attack

🔴 "Trump: Urgently Need to Implement Additional Measures to Reduce Pressure on the Oil Market".
The United States is expected to announce measures to counteract soaring energy prices as early as Thursday.
Instead of releasing oil from the Strategic Petroleum Reserve as before, the U.S. Department of the Treasury plans to use the futures oil market to reduce short-term pressure.
However, many experts are skeptical. Some analysts believe that if the U.S. Department of the Treasury intervenes in the oil market, it could be beyond its authority.
Analyst John Kilduff, a partner at Again Ca

This afternoon marks the adjustment of domestic gasoline and oil prices according to the cycle set by the Ministry of Finance and the Ministry of Industry and Trade. In today’s adjustment, gasoline and oil prices all increased sharply.
Specifically, E5RON92 gasoline increased by 1,926 VND/liter, RON95-III gasoline increased by 2,189 VND/liter. Meanwhile, diesel 0.05S increased by 3,758 VND/liter; the highest increase was kerosene, which rose by 7,132 VND/liter. Lastly, mazut 180CST 3.5S increased by 1,807 VND/kg.
After the adjustment, domestic gasoline and oil prices from 15:00 on 5/3 are:
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Global stocks plummeted simultaneously following the outbreak of the Middle East war.
With Japanese and Korean stocks experiencing the sharpest declines, Japanese stocks fell nearly 10% and Korean stocks dropped over 20% after just 2 trading days.

🔴The price of WTI and Brent crude oil dropped sharply again after Trump announced measures to ensure the transportation of crude oil at sea.
Trump announced the provision of insurance for maritime crude oil transportation, with the navy escorting if necessary
U.S. President Trump posted on social media: Effective immediately, I have instructed the U.S. Development Finance Corporation (DFC) to provide political risk insurance and financial security at very reasonable prices for all maritime trade activities (especially energy) passing through the Gulf area. This will open up opportunities fo

NEWS: Tensions in the Strait of Hormuz are slowing down oil tanker arrivals, causing storage facilities to become full, 🇮🇶Iraq has already cut and will continue to cut crude oil production:
With Rumaila oil field production down by 700,000 barrels on Tuesday, production at Rumaila is expected to shut down in the coming days.
Iraq will also cut crude oil output from West Qurna 2 to 450,000 barrels per day.
If oil tankers cannot move freely and reach loading ports, Iraq will be forced to reduce production in the next few days, with a decrease of over 3 million barrels per day.
$WTI $USOIL $UK

In just the first two days of the week:
Bitcoin dropped 3.5%📉
Ethereum dropped 4.3%📉
Gold fell 7.45%📉
Silver declined 19.15%📉
The drops in gold and silver have also caused other metals to fall sharply.
Only crude oil and the Oil & Gas stock group surged strongly.
Are the big players selling assets to switch to speculation in crude oil or what 👀

🔴 The Middle East Energy Center is under attack again, with a fire at the UAE storage and transportation hub raising concerns about supply disruptions.
Debris from a downed drone caused a fire at Fujairah, the UAE's main oil trading hub, marking the latest in a series of events affecting key energy facilities in the Middle East region.
Civil defense forces are working to control the fire. Earlier on Tuesday, another fire was reported in the area, while operations at a major oil terminal and a refinery were suspended the day before.
Fujairah is a critical refueling port and one of the la