Domestic News: 1. The People's Bank of China increased its gold reserves for the 17th consecutive month. 2. On April 7, 2026, the government will continue to implement macro-control measures, with appropriate adjustments to refined oil prices. 3.

2026-04-07

Domestic News: 1. The People's Bank of China increased its gold reserves for the 17th consecutive month. 2. On April 7, 2026, the government will continue to implement macro-control measures, with appropriate adjustments to refined oil prices. 3. The National Service Industry Conference is about to be held, and measures to promote the expansion and quality improvement of the service industry will be introduced. 4. Li Qiang signed a State Council decree, promulgating the "Regulations of the State Council on the Security of Industrial and Supply Chains." International News: 1. A survey shows that OPEC's oil production saw its largest drop in decades last month due to war factors. 2. ADP report: In the four weeks ending March 21, U.S. private sector employers added an average of 26,000 jobs per week. 3. Russian oil transport company's Black Sea oil terminal in Novorossiysk has suspended loading operations after being attacked by drones on Monday. 4. Energy Situation—① Hungary plans to sign a $500 million oil purchase agreement during former U.S. Vice President Vance's visit. ② Iran's Revolutionary Guard: Will focus on attacking U.S. and allies' infrastructure to prevent them from accessing oil and gas. ③ Iran refuses to reach a temporary ceasefire agreement and still demands tolls for ships passing through the Strait of Hormuz. ④ The Iran war has driven Russian crude oil prices to a 13-year high. ⑤ The United States unilaterally struck more than 50 targets on Kharg Island, including bunkers, radar stations, and ammunition depots, excluding oil facilities. 5. Iran Situation—① Iran: is developing plans to secure the Strait of Hormuz and the Persian Gulf. ② According to Fox News, Trump stated that the 8 p.m. deadline on Tuesday might be adjusted if negotiations progress, but he will currently stick to the original deadline. ③ Qatari Foreign Ministry: We are approaching a tipping point where the regional situation could spiral out of control. ④ The head of Iran's Securities Exchange Organization stated that multiple plans are being developed for the reopening of the stock market. ⑤ Trump: The entire Iranian civilization will perish tonight. I don't want that to happen, but it's very likely to happen. ⑥ Vance: This war will end soon, and the military objectives of the Iran war have been achieved. The strike on Kharg Island does not signify a strategic shift. ⑦ A senior Iranian source: Iran will not exchange the opening of the Strait of Hormuz for "empty promises," and may close the Bab el-Mandeb Strait if the situation spirals out of control. ⑧ The Tehran Times reported that Iran has closed all diplomatic and indirect communication channels with the United States. The Wall Street Journal, however, stated that while Iran has severed direct diplomatic communication with the US, negotiations with ceasefire mediators are continuing. ⑨ Iranian citizens formed human chains to protect power plants and bridges. ⑩ The United States denies considering using nuclear weapons in Iran.