The U.S. military's strikes on Iranian targets are intensifying market turmoil, and Iran is developing a plan to reopen the stock market.

ME News Report, April 7 (UTC+8), an American official stated that the U.S. military conducted strikes against military targets on Harker Island. Due to Russia benefiting from the global oil price surge triggered by the Iran situation, the country’s crude oil prices have risen to their highest level in over 13 years. According to Argus Media, on April 2, at Russia’s largest oil export facility on the Baltic coast, Primorsk port, the flagship Urals crude oil price reached $116.05 per barrel. This price excludes transportation costs and is nearly twice the average of $59 per barrel assumed in Russia’s budget this year. As the Russia-Ukraine conflict continues, substantial oil revenues are easing the Kremlin’s fiscal pressure. Additionally, the head of Iran’s Securities Exchange Organization stated that four plans are currently being developed for the reopening of Iran’s stock market: 1. Maintain current conditions, allowing only fund trading, or reopen under current conditions without disclosing information; 2. Escalation of the conflict, potentially leading to suspension of all trading, including funds; 3. Reopen after a written ceasefire agreement; 4. Gradual reopening if no agreement is reached on a ceasefire. Iran’s stock market previously suspended trading on March 1. (Source: ODaily)