President Trump Proposes Peace Plan to End Iran Conflict: On March 24, American President Donald Trump put forth a peace proposal to Iran and expressed optimism about the possibility of resolving the month-long conflict. This initiative came as Iran announced it would permit the passage of “non-hostile” tankers through the strategic Strait of Hormuz. Speaking from the Oval Office, President Trump stated that the United States was negotiating with Iran, although the country had not confirmed any formal discussions.
Oil Prices Fall Over 6% Following American-Iranian Peace Proposal Easing Supply Concerns: Global oil prices saw a sharp decline of over 6% on the morning of March 25 after President Trump addressed a peace proposal to Iran. This diplomatic initiative, combined with the news that Iran had eased its control over the Strait of Hormuz, helped reassure the markets, sparking hopes for an end to the conflict after over a month and a resumption of energy flows in the Middle East.
Global Gold Prices Rise Over 2% Amid Middle East Tensions Easing: Unexpectedly, global gold prices reversed their trend, rising over 2% to surpass $4500 per ounce during the morning session on March 25. The weakening US dollar and the decrease in oil prices helped alleviate inflationary pressures and concerns about high-interest rates, with the market receiving positive signals regarding peace plans in the Middle East.
Middle East Conflict Begins to Weigh on Major Economies: According to surveys of companies published on March 24, the Middle East conflict is starting to negatively impact the world’s major economies. Soaring energy prices and increasing instability are slowing down economic activity and fueling inflation expectations. Preliminary survey results from purchasing managers in the United States, Europe, and Japan provide the most comprehensive view to date of the economic impact of this conflict, which has been ongoing for over four weeks.
IEA Ready to Release More Oil Reserves Following Japan’s Proposal: On March 25, the International Energy Agency (IEA) Executive Director Fatih Birol announced that the agency was “ready to deploy” additional crude oil reserves “if necessary.” This statement came after a meeting with Japanese Prime Minister Sanae Takaichi in Tokyo. During the meeting, Ms. Takaichi asked the IEA to “prepare a plan to proceed with an additional release of reserves in case of prolonged conflict in the Middle East.”
Philippines Receive First Russian Oil Shipment in 5 Years: The Philippines received their first shipment of Russian crude oil in five years as they seek alternative sources of supply amidst concerns about disruptions to global energy supplies. According to multiple sources citing data from analysis firms such as LSEG, Kpler, and OilX, a vessel carrying around 100,000 tons of ESPO Blend crude oil from the port of Kozmino (Russia) was transported to the Petron oil refinery in Bataan province.
Source: https://baotintuc.vn/kinh-te/diem-tin-kinh-te-the-gioi-noi-bat-ngay-2532026-20260325203814407.htm
