Odaily According to a report by The Wall Street Journal, US government officials revealed that US President Donald Trump has informed his aides that he is willing to end US military action against Iran even if the Strait of Hormuz remains largely closed. This move could prolong Tehran's firm control over the waterway and leave the complex task of reopening the strait for future handling. Recently, Trump and his aides assessed that the mission to open this critical chokepoint would extend the conflict beyond his set timeline of four to six weeks. Trump has decided that the US should achieve its primary goal of weakening Iran's navy and missile stockpiles, gradually conclude the current hostilities, and simultaneously pressure Iran through diplomatic channels to restore free trade. Officials stated that if this approach fails, Washington will pressure its allies in Europe and the Gulf region to take the lead in reopening the strait. They added that Trump could also opt for a military solution, but this is not his current priority. (Jin10)
Odaily News Federal Reserve Chair Powell: We don't know how significant the energy shock will be; it's too early to draw conclusions now. (Jin10)
According to Gate data, U.S. stock index futures have surged and turned higher, gold prices have risen in the short term, while oil prices have fallen.
Odaily News On March 31st, according to data from SoSoValue, the overall cryptocurrency market showed a moderate upward trend, with the RWA sector performing relatively prominently, rising 2.16% in 24 hours. Among them, Keeta (KTA) surged significantly by 33.75%, Centrifuge (CFG) rose by 8.06%, and Sky (SKY) increased by 2.72%. Additionally, Bitcoin (BTC) rose by 1.87%, trading within a narrow range around $67,000; Ethereum (ETH) increased by 3.15%, maintaining its position above $2,000.
In other sectors, the DeFi sector rose 1.36% in 24 hours, with River (RIVER) within the sector surging by 26.28%; the Layer2 sector increased by 1.24%, with Optimism (OP) rising 3.16%; the Meme sector gained 1.03%, with BUILDon (B) experiencing an intraday rally of 5.42%; the CeFi sector rose 0.61%, with FTX (FTT) up 9.98%; the Layer1 sector increased by 0.57%, with Zcash (ZEC) rising 5.24%; the PayFi sector gained 0.25%, with Bitcoin Cash (BCH) up 2.64%.
The cryptocurrency sector indices reflecting historical sector performance showed that the ssiRWA, ssiLayer1, and ssiLayer2 indices rose by 2.65%, 1.75%, and 1.46%, respectively.
Odaily News: Iran's Parliamentary National Security Committee has passed a bill proposing to charge fees for vessels transiting the Strait of Hormuz. The plan includes implementing financial arrangements and a fee system in Iranian Rial; prohibiting vessels from the United States and Israel from passing through the Strait of Hormuz; safeguarding the dominant position of Iran and its armed forces; banning passage for countries participating in unilateral sanctions against Iran; and Iran will cooperate with Oman to formulate the relevant legal framework. (CCTV News)
Odaily News U.S. President Trump stated in an interview with the New York Post on Monday that Iranian Parliament Speaker Kalibaf is one of the Iranian officials communicating with the United States regarding ending the war. When asked whether Kalibaf can be trusted in cooperating with Washington, Trump replied, "We'll see." He also mentioned that he would provide more details in about a week. On Sunday, Trump told the Financial Times that Kalibaf had authorized allowing oil tankers to pass through the Strait of Hormuz. Trump interpreted this move as Kalibaf's willingness to make concessions to reach an agreement to end the war. Kalibaf denied having engaged in any negotiations with the United States, although experts noted that he is a hardliner with the potential to broker a deal. According to The Wall Street Journal, Kalibaf is one of two Iranian officials temporarily removed from the "kill list" by the United States and Israel. (Jin10)
Odaily News Market pricing indicates that bets on Federal Reserve rate hikes have been withdrawn, shifting to pricing in the possibility of rate cuts this year. (Jin10)
Odaily News Fed Chair Powell: Middle East situation affects oil prices; policy is currently in a favorable position, allowing for waiting to see how the current situation develops.
We do not know what economic impact the current situation will have.
Inflation expectations appear to remain robust.
Inclined to ignore supply shocks, but must monitor inflation expectations. (Jin10)
Odaily News Federal Reserve Governor Milan: The Federal Reserve's balance sheet is too large, and I hope to reduce the Federal Reserve's balance sheet. (Jin10)
Odaily News Fed Governor Milan stated that inflation expectations have not yet been affected by rising oil prices. (Jin10)
