OPEC+ agreed to raise oil output by 206,000 bpd for May, a largely symbolic increase as key Gulf members cannot boost production due to Strait of Hormuz closure from US-Israeli-Iran conflict.
Russian Baltic ports Ust-Luga and Primorsk remain unable to accept and ship fuel for second week after Ukrainian drone strikes, forcing refineries to seek alternative export routes.
Israel is preparing to attack Iranian energy facilities next week, pending US approval. Trump imposed a moratorium on strikes until April 6, threatening consequences if Iran refuses a deal.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.