The U.S. threat to blockade the Strait of Hormuz could further escalate the Middle East conflict, says Vivek Dhar of Commonwealth Bank of Australia. He notes the move would directly threaten Iran’s oil exports via the strait, which were around 1.7 million barrels per day last month, tightening already constrained oil and refined product markets. Dhar adds that physical oil scarcity is pushing delivery-linked benchmarks sharply higher, with prices in some cases trading above $140 a barrel in the

China’s export growth likely moderated in March after a strong start to the year, while still providing support to the economy, according to a Wall Street Journal survey of economists. Outbound shipments are expected to have risen 8.0% year-on-year in March, slowing from a 21.8% gain in January–February. Import growth likely eased to 7.0% from 19.8% over the same period. The survey also projects China’s trade surplus at $113 billion for the month.

匈牙利选举委员会：匈牙利大选投票率在格林威治时间16时30分（北京时间00:30）已达77.8%，高于2022年同期的67.8%。