Real-time News

March 16th - Recently, the issue of IP copyright between MakerWorld, a platform under Topzhu Technology, and Pop Mart has attracted widespread attention and discussion. In response, a source close to Topzhu Technology told reporters that Topzhu has held amicable negotiations with Pop Mart and reached a settlement, and all related content has been removed from the platform.

The Dubai Media Office stated that the Civil Defence has brought under control a fire caused by a collision with a fuel tank near Dubai International Airport.

The main contract for low-sulfur fuel oil (LU) saw its intraday gains widen to 2.00%, currently trading at 5720.00 yuan/ton.

Japanese Prime Minister Sanae Takaichi: We are considering necessary measures to protect Japanese ships.

Saudi Ministry of Defense: Three drones were intercepted and destroyed in the eastern region.

On March 16th, Moody's Analytics stated in a report that the Bank of Japan is expected to keep interest rates unchanged this week and may raise them to 1% around mid-year. The report noted that the Middle East conflict has increased the risk of renewed inflation, but the uncertainty surrounding the conflict will likely keep the Bank of Japan on hold for the time being. The report also pointed out that further weakening of the yen could prompt the Bank of Japan to raise interest rates later this year. However, slowing wage growth and unstable real economic data make it difficult to justify an aggressive rate hike path above 1%.

March 16th - CAS Aerospace Technology Co., Ltd. and the Shanghai Institute of Materia Medica, Chinese Academy of Sciences, recently signed a cooperation agreement. The two parties will conduct joint technological research in the field of space pharmaceuticals, and jointly explore drug development and preparation technologies based on the space environment.

March 16 (Futures News) - Unstable news has kept crude oil prices fluctuating at high levels. Cost constraints have supported fuel oil trading, with downstream traders showing increasing bullish sentiment. However, most traders remain cautious at high levels, and refinery shipments are sluggish. Fuel oil trading is expected to see a steady upward trend today, with limited transaction volume.

US President Trump: (Regarding Iran's nuclear program) There will be no nuclear weapons. This is just the beginning; we will get more concessions.

According to Al Jazeera, a spokesman for Iran's Islamic Revolutionary Guard Corps said that Iran's weapons arsenal remains intact.

According to Saudi state television, Saudi Arabia intercepted 34 drones in the eastern region within an hour.

Dubai authorities said the airport was attacked by drones, and a fuel tank was damaged.

Japanese Finance Minister Satsuki Katayama: Financial markets, including foreign exchange, are extremely volatile.

Japanese Finance Minister Satsuki Katayama: No comment on foreign exchange levels.

US President Trump: I don't know if I want to make a deal with Iran.

US President Trump: (Regarding Iran) They very much want to negotiate, but I don't think they are ready.

The South Korean won has fallen below the 1,500 mark against the US dollar.

March 16 - Crude oil futures rose in early trading due to market concerns about supply disruptions. This followed Trump's announcement that the US had bombed military targets on Iran's Kharg Island and threatened to strike Iranian oil infrastructure if Iran did not allow tankers free passage through the Strait of Hormuz. Rystad Energy stated, "The more worrying reality is that the worst may not be yet to come." Rystad Energy's analysis indicates that in a worst-case scenario, Middle Eastern crude oil production could fall to approximately 6 million barrels per day, a reduction of about 70% from pre-conflict baseline levels.

Israel Defense Forces: A missile launched from Iran has been detected heading towards Israeli territory. Defense systems are operational to intercept the threat.