Market news: Sirens sounded in northern Israel.

The onshore yuan closed at 6.8752 against the US dollar at 16:30 on March 12, down 52 points from the previous trading day.

1. Iran Has “Nothing Left to Strike,” War Will End Soon —According to Axios, Trump stated in an interview on Wednesday that the war with Iran will end “soon” because “there are practically no targets left to strike.” Trump said, “The war can end anytime I want.” 2. Claims Iranian Navy Severely Damaged, Oil Prices Will Fall—Trump stated that the Iranian navy has been severely damaged, therefore oil prices will fall. He described the rise in oil prices as a “war problem” and said the conflict is progressing better than he expected. 3. Plans to Release 172 Million Barrels of Oil from Reserves in 120 Days —U.S. Energy Secretary Wright issued a statement saying that Trump authorized the Department of Energy to release 172 million barrels of crude oil from the Strategic Petroleum Reserve starting next week. Based on the planned release pace, delivery is expected to take approximately 120 days. 4. U.S. Will “Slightly” Reduce Strategic Petroleum Reserves —Trump stated that he will use the U.S. Strategic Petroleum Reserve to alleviate oil prices soaring due to the war with Iran. Trump stated, "We'll do that, and then fill it up again. Right now, we'll cut a little bit, and that will lower oil prices." 5. Restarting the Trade War, Launching Section 301 Investigations Against 16 Trading Partners Including the EU —The Trump administration on Wednesday launched a new round of Section 301 trade investigations against 16 major trading partners regarding industrial overcapacity. The investigations target the EU, India, Japan, and South Korea, among others. 6. Discussing Oil Price Countermeasures with Putin's Envoy and Core Group —Russian Presidential Envoy Dmitriev stated that he discussed the global energy market crisis with US officials during a meeting in Florida. Trump's envoy Witkov stated that he met with Dmitriev in Florida. 7. Restarting the Global Entry Program—The Trump administration restarted the Global Entry Program, which aims to expedite customs and immigration clearance for low-risk travelers. 8. Welcoming Iran to the World Cup in the US—According to CBS News, Trump told FIFA that he welcomes Iran to participate in the World Cup held in the United States.