India’s NIFTY financial services index continued its upward trend, rising 2.4% in the latest update.

Crude Oil: 1. Attacks in Ukraine trigger fire at a large Russian oil refinery. 2. South Korea considers bypassing the Strait of Hormuz in search of oil. 3. Japanese Prime Minister says naphtha supplies can cover four months of demand. 4. Cuba: 10 tons of crude oil from a Russian tanker have been unloaded. 5. Hungarian Prime Minister: Explosives found near Belgrade-Budapest gas facilities. 6. OPEC+ warns of high costs and long timeframes for repairing energy facilities. 7. Iraq urges customers to submit crude oil shipment plans after receiving a passage exemption. 8. A statement indicates that OPEC+ is scheduled to hold its next Joint Ministerial Monitoring Committee (JMMC) meeting on June 7. 9. Saudi Aramco has set its official selling price for its May Arab Light crude oil shipments to Asia at a premium of $19.50 per barrel over the Oman/Dubai average, up $17 per barrel from the previous month. Middle East Situation: 1. Foreign media: A small number of oil tankers and cargo ships passed through the Strait of Hormuz. 2. The Ruwais petrochemical facility in Abu Dhabi was attacked and shut down. 3. US media: US-Iran mediators make final efforts to secure a 45-day ceasefire. 4. An advisor to Iran's Supreme Leader warned the US that it might retaliate by closing the Bab el-Mandeb Strait. 5. Oman and Iran held a vice-ministerial meeting to discuss securing passage through the Strait of Hormuz. 6. A senior Iranian official stated that Iran will not reopen the Strait of Hormuz in exchange for a "temporary ceasefire," believing the US is not yet ready to achieve a permanent ceasefire. 7. Sources revealed that the final US-Iran ceasefire proposal includes Iran relinquishing its nuclear weapons in exchange for the lifting of sanctions and the unfreezing of its assets. If an agreement is reached, this plan would facilitate an immediate ceasefire, reopen the Strait of Hormuz, and lead to a final agreement within 15 to 20 days. Other: 1. Thailand's gemstone exports fell 29.32% in February, but gold exports remained strong. 2. Bank of Japan: Some regions say the impact of the Middle East conflict has been reflected in soaring oil prices and supply disruptions.

Israeli Defense Minister Katz: The Israel Defense Forces have launched a powerful strike against Iran's largest petrochemical facilities in Isfahan. These two facilities (which together account for approximately 85% of Iran's petrochemical exports) are currently paralyzed and shut down.