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The commander of the Iranian Revolutionary Guard Navy stated that Iran has attacked more than 10 ships and oil tankers in the current conflict.

Bank of Canada Governor Macklem: There was no market failure following the attacks on Iran.

Market news: Russian President Vladimir Putin met with the Hungarian Foreign Minister at the Kremlin.

EU High Representative for Foreign Affairs and Security Policy Karas: The Middle East wars have diverted attention from Ukraine, and Ukraine cannot be removed from the agenda.

According to a Fox News reporter: The U.S. Senate is holding a procedural vote on a war powers resolution to end actions against Iran.

EU High Representative for Foreign Affairs and Security Policy Karas: The Middle East wars demonstrate that Europe must increase its defense investment.

EU High Representative for Foreign Affairs and Security Policy Karas: The Iranian regime is laying a solid foundation for its own demise, and no one can predict where the war will go.

EU High Representative for Foreign Affairs and Security Policy Karas: Iran's strategy is to create chaos.

Iranian Foreign Minister: Iran's attacks were solely aimed at U.S. interests.

The U.S. Energy Information Administration (EIA) reported that crude oil imports to the U.S. West Coast fell to their lowest level since March 2021.

French Finance Ministry: Three ministers will meet with natural gas distributors on March 5 to discuss the situation in Iran, and the meeting will also cover changes in fuel prices at gas stations.

The Qatari Foreign Ministry stated that Iran's attacks demonstrate its lack of genuine desire to de-escalate the situation. Iran's strikes are an attempt to drag its neighbor into a war that is not of its own making.

The Qatari Foreign Ministry stated that during a phone call, the Iranian Foreign Minister claimed that Iran's missile attacks were aimed at US interests and not at Qatar. Qatari Prime Minister and Foreign Minister Mohammed bin Zayed Al Nahyan strongly refuted this claim.

The U.S. Energy Information Administration (EIA) reported that Cushing crude oil inventories rose to their highest level since August 2024 in the latest week.

Qatar has rejected claims that the Iranian attacks were solely aimed at U.S. interests.

March 4 – The European Parliament decided on Wednesday to continue suspending ratification of trade agreements with the United States following the Supreme Court's ruling that Trump's global tariff regime was invalid. The European Parliament's Trade Committee stated that they need more clarity from Washington to ensure the US will continue to adhere to its commitment to a 15% tariff cap on most EU products, as agreed in last summer's trade agreement. Since the ruling, the Trump administration has implemented a temporary 10% general tariff and is currently investigating through Section 301 by US Trade Representative Greer to develop a more permanent tariff plan. Despite urging from leaders such as German Chancellor Merz to ratify the agreement quickly to avoid a trade war, the European Parliament has decided to set the reassessment date for March 17.

The EIA report for U.S. distillate fuel oil production implied demand for the week ending February 27 was 4.9247 million barrels per day, compared to 5.126 million barrels per day in the previous week.

The EIA's data for total U.S. gasoline production and implied demand for the week ending February 27 was 9.3586 million barrels per day, compared to 9.5024 million barrels per day in the previous week.