Pakistani Prime Minister's Office: Iranian President Pezeshizian told Pakistani Prime Minister Sharif that negotiations require trust and praised Pakistan's efforts for peace.

Domestic News: 1. The People's Bank of China held its 2026 Financial Stability Work Conference. 2. Minister of Commerce Wang Wentao met with European Commissioner for Trade and Economic Security Šefčovič. 3. Wang Yi spoke by phone with Pakistani Deputy Prime Minister and Foreign Minister; both sides agreed to jointly promote a ceasefire and the resumption of peace talks. 4. The Ministry of Commerce launched two trade barrier investigations against the United States for its practices and measures that disrupt global supply chains and hinder trade in green products. 5. Li Qiang chaired an executive meeting of the State Council, hearing a report on the current development of my country's service industry and studying relevant policies and measures to accelerate the construction of a tiered medical system. 6. The Ministry of Commerce and China Export & Credit Insurance Corporation jointly issued the "Notice on Giving Full Play to the Role of Export Credit Insurance to Promote a Good Start to High-Quality Development of Commerce during the 15th Five-Year Plan Period." 7. BYD: Plans to use no more than 60 billion yuan of its own idle funds for entrusted wealth management. International News: 1. Fitch maintains Israel's rating at "A" with a negative outlook. 2. Trump and Modi discussed the Middle East situation in a phone call; Musk participated. 3. Middle East supply concerns drive LME near-month aluminum contract premiums to a record high. 4. US House Republicans rejected the Senate's Department of Homeland Security funding bill, potentially extending the shutdown impasse. 5. According to TASS: Russia has decided to impose a gasoline export ban on its oil producers from April 1 to July 31. 6. Overnight Market Updates—① The Nasdaq 100 index fell 10% from its October high, entering a correction phase; the S&P 500 and Nasdaq fell to their lowest points in six months, both down more than 1%. ② Spot gold rose more than $100 during the session, with both spot and futures gold returning to the $4,500 mark. WTI crude oil climbed back above $100. 7. Iranian Situation—① The Iranian Revolutionary Guard announced the closure of the Strait of Hormuz, prohibiting all vessels "traveling to or from ports of hostile allies and supporters of the US and Israel" from passing through any waterway or heading to any destination. ② Iranian media: Three container ships of different nationalities turned back from the Strait of Hormuz after receiving warnings from the Iranian Navy. ③ Israeli Defense Minister: The strikes against Iran will escalate further. ④ Iran says it may retaliate by striking steel industrial facilities in Israel and several other countries in the region. ⑤ The United States signals to its allies that there are currently no emergency plans for a ground invasion of Iran. ⑥ The US Secretary of State says the fighting will continue for another 2-4 weeks, and communication disruptions are slowing down negotiations. ⑦ Iran's Khondab heavy water research reactor was attacked by air. ⑧ Houthi rebels: Prepare for direct military intervention in the war against Iran under certain conditions.

U.S. Secretary of State Marco Rubio: Several European leaders have said that this (the war with Iran) is not a European war. The Russia-Ukraine conflict is not an American war either, yet we have contributed more to this conflict than any other country in the world.