Iraq's State Oil Marketing Organization (SOMO) announced that Iraq has set its official selling price for Basra medium crude oil to Asia in April at a premium of $30 per barrel over the Oman/Dubai average.

The UAE Ministry of Defense stated that its air defense system is currently responding to missile and drone threats from Iran.

[Key Events and Data Preview This Week: Inflation Data from China and the US, Domestic Refined Oil Price Adjustments, and Multiple Monthly Crude Oil Reports from Institutions] 1. Monday: ① Data: Japan's January trade balance, Eurozone investor confidence index, China's February CPI, New York Fed's 1-year inflation forecast; ② A new round of domestic refined oil price adjustments will begin; ③ Adjustments to the list of securities eligible for the Shenzhen-Hong Kong Stock Connect will take effect; ④ European Commission President Ursula von der Leyen and European Council President Diego Costa hold a video conference with Middle Eastern leaders; ⑤ South Korea and the US hold joint military exercises; ⑥ Portugal's new president is inaugurated. 2. Tuesday: ① Data: Trade balance between Germany and France, US February existing home sales, China's February M2 annual rate and January-February trade balance; ② Earnings reports: NIO and Oracle; ③ The US Department of Commerce holds a roundtable meeting for US robot manufacturers on the theme of "Identifying Key Supply Chain and Policy Challenges Affecting US Robot Manufacturing and Deployment." 3. Wednesday: ① Data: Germany's final February CPI month-on-month rate, US API and EIA crude oil inventories, US February CPI and core CPI; ② EIA releases monthly Short-Term Energy Outlook report; ③ OPEC releases monthly oil market report; ④ ECB officials Guindos and Schnabel speak; ⑤ Apple MacBook Neo launches in physical stores; ⑥ Chengdu Industrial Expo held from January 11th to 13th; ⑦ The 4th Session of the 14th National Committee of the Chinese People's Political Consultative Conference concludes. 4. Thursday: ① Data: Canada's January wholesale sales, US initial jobless claims, January housing starts, and January trade balance; ② Earnings reports: Li Auto, Futu Holdings, Adobe; ③ IEA releases monthly oil market report; ④ The 4th Session of the 14th National People's Congress concludes; ⑤ South Korea to pass investment bill in the US. 5. Friday: ① Data: UK January industrial production, France February final CPI month-on-month rate, Eurozone January industrial production month-on-month rate, Canada February employment change; US January PCE, personal spending month-on-month rate, JOLTs job openings, and preliminary one-year inflation forecast; ② ASEAN economic ministers hold closed-door meeting; ③ Pop Mart launches its new IP "KeyA" series. 6. Saturday: ① US total oil rig count for the week ending March 13; ② CFTC releases weekly positioning report.