News

(1) According to officials from the Ministry of Trade, Industry and Energy of South Korea, the country will launch a strategic oil swap plan to help local refiners cope with crude oil supply disruptions. The government will first provide strategic reserve crude oil, and refiners will repay with replacement crude oil once their subsequent imports arrive.(2) Official sources state that all four major South Korean refining companies have applied for the plan, with the total swap volume for April to May exceeding 20 million barrels.(3) This measure aims to shorten the crude oil import delivery cycle from 14 to 50 days. Due to supply disruptions in the Middle East, companies are seeking to source crude oil from regions such as Africa, the United States, and Australia.

PANews, March 31 — Huma Finance posted a reminder on X stating that its partner Arf's official X account @arf_one has been compromised. Please refrain from interacting with any posts from this account until it is restored.

Glonghui March 31｜The VIX index futures plunged, dropping by more than 4% at one point, reaching 27 points. According to reports, The Wall Street Journal stated that Trump told his aides he was willing to end the war without reopening the Strait of Hormuz.