The U.S. military strikes against Iranian targets have intensified market volatility, and Iran is developing a plan to reopen the stock market.

Odaily Planet Daily News: A U.S. official said that the U.S. military carried out strikes against military targets on Halk Island.

Benefiting from the global oil price surge triggered by the situation in Iran, Russia’s crude oil prices have risen to their highest level in more than 13 years. According to data from Argus Media, on April 2, at Primorsk Port—the largest oil export facility on the Baltic coast of Russia—the country’s flagship Urals crude oil price reached $116.05 per barrel. This price excludes transportation costs and is nearly twice the average $59 per barrel assumed in Russia’s budget for this year. As the Russia-Ukraine conflict continues, hefty oil revenues are easing financial pressure on the Kremlin.

In addition, the head of Iran’s securities exchange organization said that four proposals are currently being developed for the resumption of trading in the Iranian stock market: 1) maintain the current conditions, under which only funds/ETFs are allowed to trade, or resume trading under the existing conditions without publicly disclosing information; 2) escalation of the fighting, which could lead to all trading being halted, including funds/ETFs; 3) resume trading after a written ceasefire agreement; 4) gradually resume trading in the absence of an agreement on a ceasefire. Iran’s stock market previously suspended trading on March 1. (Jin 10)