According to MS Now News: NATO officials say Britain is leading a coalition of more than 40 countries to reopen the Strait of Hormuz.

[Key Events and Data Preview for This Week: China's Trade Balance and Q1 GDP; A flurry of speeches by Fed officials on Wednesday] Monday: ①Data: US March Existing Home Sales (Annualized); China March M2 Money Supply (Annualized). ②Events: OPEC releases its monthly oil market report; the International Monetary Fund (IMF) and the World Bank hold their Spring Meetings until April 17; Bank of Japan Governor Kazuo Ueda visits the US from April 13 to 18 to attend the G20 and IMF meetings. Tuesday: ①Data: US March NFIB Small Business Confidence Index; US March PPI (Year-on-Year); US March PPI (Month-on-Month); China's March Trade Balance (in USD); China's March Trade Balance. ②Events: The Federal Reserve Board hosts "Strengthening the US Economy through Rural Investment: A Working Forum"; the IEA releases its monthly oil market report; the IMF releases its World Economic Outlook report. Wednesday: ① Data: US API and EIA crude oil inventory data for the week ending April 10; French March CPI final reading; Eurozone February industrial production month-on-month; Canadian February wholesale sales month-on-month; US April New York Fed Manufacturing Index, US March Import Price Index month-on-month, US April NAHB Housing Market Index. ② Events: The National Energy Administration releases total electricity consumption data around the 15th of each month; Bank of England Governor Bailey participates in a panel discussion at Columbia University; 2027 FOMC voting member and Chicago Fed President Goolsby participates in a panel discussion ahead of the Semafor 2026 World Economic Conference; Fed Governor Barr delivers opening remarks at a working forum hosted by the Fed Board of Governors; Philadelphia Fed President Paulson, Richmond Fed President Barkin, Boston Fed President Collins, and Fed Governor Barr participate in a fireside chat at the Fed Board of Governors' working forum; European Central Bank President Lagarde delivers a speech. Thursday: Data: Australia's March seasonally adjusted unemployment rate; China's Q1 GDP year-on-year growth rate, China's March retail sales year-on-year growth rate, China's March industrial output year-on-year growth rate; UK's February three-month GDP month-on-month growth rate, UK's February manufacturing output month-on-month growth rate, UK's February seasonally adjusted goods trade balance, UK's February industrial production month-on-month growth rate; Eurozone's March final CPI year-on-year growth rate, Eurozone's March final CPI month-on-month growth rate; US initial jobless claims for the week ending April 11, US April Philadelphia Fed Manufacturing Index, US March industrial production month-on-month growth rate, US EIA natural gas storage for the week ending April 10. ② Events: Federal Reserve Governor Bowman speaks at the Institute of International Finance Forum; the Federal Reserve releases its Beige Book on economic conditions; Bank of England Governor Bailey speaks on global economic imbalances on the sidelines of the IMF meeting; the National Bureau of Statistics releases its monthly report on residential sales prices in 70 large and medium-sized cities; the State Council Information Office holds a press conference on the operation of the national economy; FOMC permanent voting member and New York Fed President Williams speaks; the G20 finance ministers and central bank governors meeting is held. ③ Earnings Report: TSMC. Friday: ① Data: Eurozone February seasonally adjusted current account, Eurozone February seasonally adjusted trade balance. Saturday: ① Data: Total number of US oil rigs for the week ending April 17. ② Event: 2027 FOMC voting member and Richmond Fed President Barkin speaks.

International Energy Agency Executive Director Fatih Birol: We are assessing whether further release of reserves is necessary; we are prepared to act immediately if necessary. The impact of the April war on energy could be more severe than in March, and no country will be immune. We call on all countries to act responsibly.