Jefferies upgraded Starbucks (SBUX.O) from "Underweight" to "Hold" and raised its price target from $86 to $92.

US President Trump: The stock market didn't actually fall much after the war broke out.

Crude Oil: 1. Trump stated that the US will not allow Iran to profit from oil sales. 2. Iranian Oil Ministry official: Damaged refineries are expected to recover to at least 70% of their previous capacity within one to two months. 3. Iranian Parliament Speaker Ghalibaf: Enjoy the current oil price levels. Under the so-called 'lockdown,' people will soon start to miss gasoline prices of $4 to $5 per gallon. 4. Shipping intelligence company Tanker Trackers reported that a supertanker belonging to the National Iranian Tanker Company has arrived in India carrying 2 million barrels of Iranian crude oil, marking the first time Iranian crude oil has arrived in India in seven years. 5. Saudi Ministry of Energy: The East-West Pipeline has successfully restored full capacity, with an average daily throughput of approximately 7 million barrels. Production at the Manifa oil field has recovered, with a daily output of approximately 300,000 barrels. 6. Singapore Prime Minister: Singapore will continue to supply refined petroleum products to Australia. 7. Turkey conducts its first deep-sea oil and gas exploration operation overseas. 8. Western Australia is considering establishing its own strategic diesel reserve. 9. Jio-bp, India's Oil and Natural Gas Corporation: Gasoline sales in March increased by 30% year-on-year, and diesel sales increased by 25% year-on-year. There are no plans to raise oil prices in the near future. 10. The Iraqi Ministry of Oil stated that Iraq's average daily crude oil exports in March were 600,160 barrels, of which 41,006 barrels came from Iraqi Kurdistan. 11. The Indian government announced that it will raise the export duty on diesel from 21.5 rupees per liter to 55.5 rupees per liter; and the export duty on aviation kerosene from 29.5 rupees per liter to 42 rupees per liter. The export duty on gasoline remains at zero. Strait of Hormuz Situation: 1. Traffic in the Strait of Hormuz has been disrupted again. Shipping data shows that oil tankers have avoided the Strait of Hormuz. 2. Starting at 10 PM Beijing time on the 13th, the US military will blockade maritime traffic at Iranian ports, claiming that it will not hinder the freedom of navigation of ships traveling to and from non-Iranian ports. 3. Trump and his advisors are reportedly considering resuming limited military strikes against Iran, in addition to the US blockade of the Strait of Hormuz. 4. Iranian Revolutionary Guard: Non-military vessels are allowed to pass through the Strait of Hormuz. Other: 1. European natural gas futures surged as much as 18%, renewed supply and demand fears. 2. Trump: The US will never tolerate price gouging in the fertilizer industry.