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Real-time News
Ukrainian Armed Forces: Russian oil terminal and naval base in Novorossiysk attacked. Initial reports indicate that oil tankers at the terminal and radar stations of the S-400 air defense system have been confirmed damaged.European natural gas prices surged by as much as 50% intraday after Qatars liquefied natural gas production was disrupted.On March 2, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, spoke by phone with Iranian Foreign Minister Araqchi at the latters request. Araqchi briefed Wang on the latest situation in the region, stating that the United States launched a second war against Iran during the US-Iran negotiations. While the negotiations have made positive progress, the US actions violate all international law and cross Irans red lines. Iran has no choice but to defend itself with all its might. China has publicly expressed its position of fairness and justice and hopes to continue playing a positive role in preventing the escalation of regional tensions. Wang Yi reiterated Chinas principled position on the current situation in Iran, stating that China cherishes the traditional friendship between China and Iran, supports Iran in safeguarding its sovereignty, security, territorial integrity, and national dignity, and supports Iran in protecting its legitimate rights and interests. Wang Yi stated that China has urged the United States and Israel to immediately cease military operations to avoid further escalation of tensions and prevent the war from spreading to the entire Middle East. He expressed confidence that Iran, under the current severe and complex situation, can maintain national and social stability, pay attention to the legitimate concerns of neighboring countries, and safeguard the safety of Chinese citizens and institutions in Iran. Araqchi stated that Iran is willing to do everything possible to ensure the safety of Chinese personnel and institutions.Bank of England Monetary Policy Committee member Taylor: The UK faces the risk of falling into a demand-scarce situation. Tightening policies have been putting pressure on the country for the past year.Bank of England Monetary Policy Committee member Taylor: Energy shocks come faster than the central bank can react.

Real-time News

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2026/03/02
Important Only
  • 20:48:09

    Ukrainian Armed Forces: Russian oil terminal and naval base in Novorossiysk attacked. Initial reports indicate that oil tankers at the terminal and radar stations of the S-400 air defense system have been confirmed damaged.

  • 20:42:49

    European natural gas prices surged by as much as 50% intraday after Qatar's liquefied natural gas production was disrupted.

  • 20:42:04

    On March 2, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, spoke by phone with Iranian Foreign Minister Araqchi at the latter's request. Araqchi briefed Wang on the latest situation in the region, stating that the United States launched a second war against Iran during the US-Iran negotiations. While the negotiations have made positive progress, the US actions violate all international law and cross Iran's red lines. Iran has no choice but to defend itself with all its might. China has publicly expressed its position of fairness and justice and hopes to continue playing a positive role in preventing the escalation of regional tensions. Wang Yi reiterated China's principled position on the current situation in Iran, stating that China cherishes the traditional friendship between China and Iran, supports Iran in safeguarding its sovereignty, security, territorial integrity, and national dignity, and supports Iran in protecting its legitimate rights and interests. Wang Yi stated that China has urged the United States and Israel to immediately cease military operations to avoid further escalation of tensions and prevent the war from spreading to the entire Middle East. He expressed confidence that Iran, under the current severe and complex situation, can maintain national and social stability, pay attention to the legitimate concerns of neighboring countries, and safeguard the safety of Chinese citizens and institutions in Iran. Araqchi stated that Iran is willing to do everything possible to ensure the safety of Chinese personnel and institutions.

  • 20:37:15

    Bank of England Monetary Policy Committee member Taylor: The UK faces the risk of falling into a demand-scarce situation. Tightening policies have been putting pressure on the country for the past year.

  • 20:32:40

    Bank of England Monetary Policy Committee member Taylor: Energy shocks come faster than the central bank can react.

  • 20:32:29

    Bank of England Monetary Policy Committee member Taylor: Energy shocks play a crucial role in inflation.

  • 20:30:22

    As of 8:30 PM Beijing time, WTI crude oil futures rose 8.58%, and US natural gas futures rose 5.32%.

  • 20:28:54

    Trump on Iran: Nobody but me could have done this.

  • 20:17:50

    US short-term CPI swaps surged, with the 1-year contract rising 11 basis points to 2.62%.

  • 20:11:49

    European natural gas prices rose by 42%, the largest increase since March 2022.

  • 20:11:23

    March 2 – European Central Bank Governing Council member Winsch stated that he currently prefers to ignore the surge in energy prices triggered by the Middle East conflict. The Belgian central bank governor told reporters in Brussels on Monday that if policymakers face an “oil shock,” they will have to assess the situation and decide what action to take. He pointed out that while rising oil prices are likely to put pressure on the economy, the net effect could trigger inflation. Winsch said, “We don’t know much yet, so I certainly won’t rush to react to any fluctuations in energy prices. If this situation persists longer, or if energy prices rise more significantly, then we will have to run our models and see what happens.”

  • 20:05:54

    The euro recovered its losses against the Swiss franc, rising 0.1% to 0.9098, a new intraday high.

  • 20:00:43

    AFP, citing sources close to the Saudi government, said that Iran's coordinated attacks on oil facilities could trigger a Saudi military response.

  • 20:00:07

    JPMorgan's commodities team stated that crude oil exports via the Strait of Hormuz have fallen to 4 million barrels per day, compared to the usual 16 million barrels per day.

  • 19:59:41

    Shipping company Norden issued a statement saying it has suspended all new business that requires transit through the Strait of Hormuz.

  • 19:58:35

    The governor of the Central Bank of Serbia said that Serbia is increasing its buffer funds and gold reserves amid heightened external risks.

  • 19:56:26

    The EU will hold a meeting of its oil coordination group within the next 48 hours.

  • 19:55:43

    March 2nd - The situation in the Middle East is impacting various industries. Currently, several Chinese autonomous driving technology companies have deployed Robotaxi services in countries such as the UAE, Saudi Arabia, and Qatar. It is understood that due to the local conflicts, employees of Chinese autonomous driving companies WeRide, Carrot Express, and Pony.ai in the region have quickly evacuated to safe locations, and operations have been urgently adjusted. Currently, WeRide's order volume in Abu Dhabi and Riyadh has not fluctuated significantly, and local ride-hailing, food delivery, and errand-running apps are unaffected, with vehicles in operation operating normally. Pony.ai stated that due to the regional situation, and to cooperate with the unified deployment of local authorities and ensure testing safety, the company previously suspended road tests in Dubai and Doha. Following assessment, testing in Doha resumed on March 2nd. The company will continue to communicate with Dubai regulatory agencies and resume testing in due course after ensuring safety.

  • 19:55:20

    A spokesperson for the European Commission stated that the EU's natural gas storage capacity is within a reasonable range, and we have not taken any emergency measures at this time.

  • 19:55:03

    A spokesperson for the European Commission stated that the EU's natural gas import sources are highly diversified.

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