The A-share airport and shipping sector rose in early trading, with China Express Airlines hitting the daily limit, followed by China Eastern Airlines, China Southern Airlines, Air China, Spring Airlines, and Juneyao Airlines.

Domestic News: 1. Chinese embassies in several Middle Eastern countries have reminded Chinese citizens to strengthen security precautions. 2. Ministry of Foreign Affairs: Resolutely resist Japan's reckless actions of "new-type militarism." 3. The People's Bank of China has increased its gold reserves for the 17th consecutive month, with reserves rising by 160,000 ounces month-on-month at the end of March. 4. 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. 5. Li Qiang signed a State Council decree, promulgating the "Regulations of the State Council on the Security of Industrial and Supply Chains." 6. National Development and Reform Commission: Starting from 24:00 on April 7, domestic gasoline and diesel (standard grades) prices will be increased by 420 yuan and 400 yuan per ton, respectively. International News: 1. Hungary plans to sign a $500 million oil purchase agreement during Vance's visit. 2. Brent crude oil spot prices hit a record high of $146.09, and Russian crude oil prices hit a 13-year high. 3. ADP report: In the four weeks ending March 21, U.S. private sector employers added an average of 26,000 jobs per week. 4. Russian oil shipping company Transneft's Black Sea oil terminal in Novorossiysk has suspended loading operations after a drone attack. 5. Federal Reserve – Williams warned that a war with Iran would push up overall U.S. inflation; Jefferson: Interest rates are roughly in the neutral range. Employment faces downside risks, while inflation faces upside risks. 6. Iran situation – ① Pakistani Prime Minister proposed a two-week extension from Trump, during which Iran would open the Strait of Hormuz, and a two-week ceasefire. Iran responded that it is actively considering the proposal; Trump declined to comment, and intense negotiations are underway. ② Trump stated that if negotiations progress, he would consider changing the course of action against Iran, but would still adhere to the original deadline. ③ Iranian officials stated that communication with the U.S. through mediators is continuing. Previously, there were reports that dialogue channels between the two sides had been closed. ④ Iran threatened to strike Saudi Aramco, the Yanbu oil field, and the Fujairah oil pipeline in response to possible drastic actions by Trump. ⑤ Trump threatens to wipe out “the entire” Iranian civilization. ⑥ Vance: The US and Israel have achieved their military objectives; the war will end soon, and corresponding negotiations will be held. ⑦ Multiple Iranian petrochemical plants and aluminum smelters were attacked. ⑧ The US unilaterally attacked military facilities on Kharg Island; Iran claims key facilities on Kharg Island were undamaged. ⑨ Iranian citizens formed a human chain to protect power plants and bridges. ⑩ The US denies considering using nuclear weapons in Iran.

The API crude oil production in the United States for the week ending April 3 was 71,000 barrels per day, compared to a decrease of 205,000 barrels per day in the previous week.