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Chevron: Operations at the land-based "Separated Neutral Zone" continue as normal. The "Separated Neutral Zone" is an area between Saudi Arabia and Kuwait.

Indian Prime Minister Modi: India and Canada will soon reach a trade agreement.

March 2nd - Economists at Capital Economics stated that the oil market could experience a short-term surge similar to that seen during last year's 12-day conflict between Iran and Israel, when crude oil prices briefly included a risk premium of around $10 to $15 per barrel before retreating. This scenario is likely to occur if energy flows through the Strait of Hormuz recover quickly and the region's infrastructure proves to have suffered minimal lasting damage. Conversely, a more prolonged conflict would reduce the likelihood of this. These economists believe that in a moderate scenario, the fighting would drag on, risk premiums would remain high, but there would be no major supply disruptions, keeping oil prices in the $70 to $80 per barrel range for an extended period. According to the firm, only in a more severe scenario involving significant and lasting supply losses would oil prices potentially climb to $90 to $100 per barrel.

Shares of U.S.-listed tanker companies rose in pre-market trading, with Frontline Shipping up 4.7%, International Shipping up 8.6%, and DHT Holdings up 8.3%.

March 2nd - According to a report by Chris Turner of ING, the euro may fall further due to rising energy prices triggered by military strikes in the Middle East. He noted, "Investors have overweighted the euro and European assets this year due to a bullish outlook for recovery, and this expectation will naturally be challenged this week by rising energy prices." Turner stated that unless the conflict de-escalates soon, the euro could fall towards 1.1575. He believes that the nature of this energy shock will benefit the dollar the most, reflecting the US's energy independence and the reduced likelihood of further interest rate cuts by the Federal Reserve due to rising inflation prospects.

Chevron (CVX.N) said the Israeli Ministry of Energy has instructed it to temporarily shut down the Leviathan gas production platform.

A spokesperson for the Qatari Ministry of Foreign Affairs stated that Qatar has not yet been in contact with the Iranian government.

Asian liquefied natural gas benchmark prices (JKM) surged to $13.133 per million British thermal units (MMBtu) on Monday, up $2.256 from Friday's close.

The UK's M4 money supply grew at an annual rate of 3% in January, compared to 4.70% previously.

Bank of England mortgage lending in January was £4.076 billion, revised from £4.601 billion to £4.492 billion in the previous month.

Bank of England consumer credit in January was £1.812 billion, below the expected £1.7 billion and the previous figure revised from £1.524 billion to £1.652 billion.

The UK's M4 money supply fell 0.1% month-on-month in January, with the previous figure revised from 0.30% to 0.4%.

The Kremlin stated that it values the United States' mediation efforts in Ukraine, but ultimately it can only rely on itself.

The Kremlin stated that continuing negotiations with Ukraine is in Russia's own interest.

The Kremlin stated that Russia is maintaining contact with leaders of other countries affected by the conflict, including those in the Gulf region.

The Kremlin stated that Russia's position on negotiations with Ukraine remains unchanged, adding that Russia prefers to achieve its goals through diplomatic and political means.