HASSETT SUGGESTS STATES SHOULD ACT TO ADDRESS GASOLINE PRICES

Domestic News: 1. Wang Yi spoke with Russian Foreign Minister Lavrov by phone. 2. The Speaker of the Portuguese Parliament will visit China from April 7th to 11th. 3. China's national railway system transported 22.123 million passengers, setting a new record for single-day passenger volume during the Qingming Festival holiday. 4. Foxconn's March revenue increased by 45.6% year-on-year. First-quarter revenue increased by 29.7% year-on-year. 5. Paul Chan: Hong Kong stock market daily turnover exceeded HK$300 billion in March, an increase of over 8% year-on-year. Currently, there are over 500 applications waiting for listing in Hong Kong. International News: 1. The White House denied rumors of Trump's serious illness and hospitalization. 2. OPEC+ plans to increase production by 206,000 barrels per day in May. 3. British media: Britain seeks to attract Anthropic to expand its business in the UK. 4. Strait of Hormuz—① Oil tankers carrying Iraqi crude oil pass through the Strait of Hormuz. ② The Iranian parliament reviews a plan for managing the Strait of Hormuz. ③ Iran's Supreme Leader: The "strategic lever" of blocking the Strait of Hormuz must continue to be used. ④ Iranian officials propose conditions for opening the Strait of Hormuz: first, compensation for Iran's war losses through transit fees. ⑤ Iranian media: After obtaining permission from Iran, 15 ships passed through the Strait of Hormuz within 24 hours. ⑥ The Iranian Revolutionary Guard Navy claims it is prepared to establish a "new order" in the Persian Gulf. 5. Energy Situation— ① Iran has included Israeli power plants in its attack targets. ② The Ruwais large petrochemical facility in Abu Dhabi was attacked and shut down. ③ Israel claims to have killed the commercial head of the Iranian Revolutionary Guard's oil headquarters. ④ A major Russian Baltic port resumes crude oil loading after being attacked. ⑤ Iran claims to have struck petrochemical and energy facilities in several Gulf states, warning of further damage to US interests. ⑥ Oman and Iran hold a vice-ministerial meeting to discuss the issue of securing passage through the Strait of Hormuz. ⑦ Libyan crude oil production has risen to approximately 1.43 million barrels per day, a new high in over a decade. ⑧ Kuwait Oil Company confirmed that its production facilities were attacked by Iranian drones, with some facilities catching fire. ⑨ Explosives were found near Hungary and Serbia's gas facilities; Hungary will provide military protection for the Hungarian section of the TurkStream gas pipeline. 6. Iran Situation— ① Trump appears to have postponed the deadline for his ultimatum to Iran to 8 PM Eastern Time on April 7th. ② Trump: If no agreement is reached, he will bomb Iranian power plants and bridges. He believes an agreement can be reached with Iran before the 6th. He will hold a joint press conference with the military on the afternoon of the 6th. ③ ABC News: Trump stated that if no agreement is reached, he will bomb the entire country of Iran. Currently, there is no need to send ground troops, but the possibility of doing so cannot be ruled out. ④ All missing US pilots have been rescued. US media reports that the US military destroyed two malfunctioning transport planes on a rescue mission. Iran claims that multiple departments' actions hit the US military aircraft involved in the rescue operation.

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