U.S. crude oil inventories at Cushing, Oklahoma, for the week ending March 27 were 784,000 barrels, compared to 3.984 million barrels in the previous week.

France's PPI rose 2.4% year-on-year in February, compared with a previous reading of -2.30%.

1. Threatens to destroy Iranian energy and power facilities and Kharg Island – Trump stated on social media that if Iran fails to accept a peace agreement and reopen the Strait of Hormuz soon, the US will destroy Iran's oil hub, Kharg Island, along with oil wells and power facilities. 2. May be willing to end the war against Iran while the Strait of Hormuz remains closed According to a report in the Wall Street Journal on the 30th, Trump told his aides that he was willing to end military action against Iran even if the Strait of Hormuz remained largely closed. 3. Trump's envoy casts a wide net to weigh who can finalize a peace agreement According to CNN, four regional sources said that given the unclear identities of decision-makers within the Iranian regime, the US government is still casting a wide net to find officials with whom it can engage in dialogue. 4. Gulf allies urge continued attacks on Iran According to the Associated Press, US, Gulf state, and Israeli officials revealed that Gulf allies are urging Trump to continue the war against Iran, believing that the month-long bombing has not yet inflicted sufficient damage on Tehran. 5. Iran's First Vice President Warns: Sending Troops to Kharg Island Will Be a One-Way Trip —On March 30th local time, Iran's First Vice President Aref warned Trump against attacking Iran's Kharg Island. Aref stated, "No one will come back alive from hell." 6. Thousands of Soldiers from the Elite 82nd Airborne Division Begin Arriving in the Middle East—Two US officials stated on Monday that thousands of soldiers from the elite 82nd Airborne Division of the US Army have begun arriving in the Middle East. 7. Intending to Call on Arab Countries to "Pay the Bill" for the War—White House Press Secretary Levitt stated on Monday that Trump may call on Arab countries to bear the costs of the war with Iran. 8. US Secretary of State: Never Allow Iran to Permanently Control the Strait of Hormuz—On March 30th local time, US Secretary of State Rubio stated that never allow Iran to permanently control the Strait of Hormuz, establish a toll system, etc. 9. Poll shows Trump's approval rating drops to 33% - According to The Hill, a poll released Monday by the University of Massachusetts Amherst showed that Trump's approval rating has dropped to a new low, with 33% of respondents approving of his job performance.