A U.S. official stated that the U.S. military conducted strikes on military targets on Kharg Island. Meanwhile, Russia's crude oil prices have risen to their highest level in over 13 years, benefiting from the global oil price surge triggered by the situation in Iran. According to Argus Media, on April 2nd, at Primorsk, Russia's largest oil export facility on the Baltic coast, the price of the country's flagship Urals crude reached $116.05 per barrel. This price, excluding transportation costs, is almost double the average of $59 per barrel assumed in Russia's budget this year. Amid the ongoing Russia-Ukraine conflict, substantial oil revenues are easing the Kremlin's financial pressure. Furthermore, the head of Iran's Securities and Exchange Organization stated that four plans are currently being developed for the reopening of the Iranian stock market: 1. Maintaining existing conditions, i.e., allowing only fund trading, or reopening under existing conditions without public disclosure; 2. Escalating conflict, potentially leading to a suspension of all trading, including funds; 3. Reopening after a written ceasefire agreement; 4. Gradual reopening in the event of an unresolved ceasefire. The Iranian stock market was previously suspended on March 1st. (Jinshi)