According to Odaily Planet Daily, energy market consultancy FGE NexantECA stated that if the near-closure of the Strait of Hormuz due to the Iran conflict continues for the next six to eight weeks, oil prices could surge to $150 or even $200 per barrel. Fereidun Fesharaki, honorary chairman of the company, said on Tuesday, “One hundred million barrels of oil cannot pass through each week, which is 400 million barrels per month. Therefore, over time, the losses suffered by the market will be astronomical.” Fesharaki expressed skepticism about the effectiveness of Trump’s verbal intervention (including statements about a possible end to the conflict), believing that the “physical reality” of supply disruptions will ultimately drive prices. He stated bluntly, “As long as the Strait of Hormuz is physically closed, prices will naturally rise. Whatever Trump says politically will be of no use.” (Jinshi)

Odaily Planet Daily reports that Ibrahim Zolfagari, spokesman for the Hatem Anbia Central Command of the Iranian Armed Forces, stated that the strategic miscalculations of the United States and Israel regarding the situation in Iran are leading to their destruction, and any attempt to control the Strait of Hormuz will be futile. The spokesman said that the miscalculations by US and Israeli leaders have led them to attempt to assess Iran's strength using material measures. He emphasized that this flawed calculation resulted in their inability to foresee the strong resistance displayed by the Iranian people and armed forces. The spokesman stated that the US and Israel are attempting to force Iran to surrender through propaganda warfare, the display of so-called advanced weaponry, and the assassination of Iranian children, women, scientists, and senior commanders. He clearly stated that the US and Israel's desire to control the Strait of Hormuz will never be realized. (CCTV News)

According to official news, MGBX will launch Based spot trading on March 31, 2026 at 18:00 (SGT). Deposits will open at 16:00 (SGT) on March 31, 2026. Trading will open at 18:00 (SGT) on March 31, 2026. Withdrawals will open at 19:00 (SGT) on April 2, 2026.

According to a report by RHB Research analyst Joseph Chai, the bullish momentum in New York Mercantile Exchange gold futures is accelerating, as seen on the daily chart. The analyst observed that gold prices broke through the $4,500 per ounce resistance level in the most recent trading day. Chai stated that bulls are now targeting the next resistance level. However, he added that gold prices may encounter strong selling pressure near the downtrend 20-day simple moving average (SMA). Data from the London Stock Exchange Group shows that the 20-day moving average is currently around $4,815.63 per ounce. (Jinshi)

Odaily Planet Daily reports that the Nikkei 225 index closed down 822.13 points, or 1.58%, at 51,063.72 on Tuesday, March 31. The South Korean KOSPI index closed down 224.7 points, or 4.26%, at 5,052.6 on Tuesday, March 31. (Jinshi)