Industry Source: Saudi Aramco To Review Alternative Routes For Exports Including Via Pipeline To Red Sea To Avoid Strait Of Hormuz

ICE Diesel Futures Broke Through $1,000 Per Ton, Reaching A New High Since October 2023

[Russian Foreign Minister Warns: US Actions Could Lead To Iran Acquiring Nuclear Weapons, Middle Eastern Neighbors Will Follow Suit] Russian Foreign Minister Sergey Lavrov Stated On The 3rd That The Nuclear Security Threat Is Escalating Due To The Escalating Situation In Iran And Its Surrounding Regions. He Pointed Out That US Actions Could Prompt Iran To Develop Nuclear Weapons. Lavrov Warned That If Tehran Decides To Acquire Nuclear Weapons, Neighboring Countries Will Also Begin Developing Them, Triggering A Chain Reaction. Russia Firmly Opposes Any Actions That Violate The Principles Of Nuclear Non-proliferation And A Nuclear Arms Race, And The Current Situation In This Area Is At Risk Of Spiraling Out Of Control. Lavrov Also Stated That The Time Is Ripe For A Principled And Comprehensive Dialogue On How The US Views Itself And The World. He Revealed That Russia Is Engaging In Dialogue With The US At Different Levels And In Different Forms, Covering Both Specific Crises And Bilateral Relations

Hezbollah Launched Attacks On Multiple Israeli Military Bases On March 3, Claiming It Was A Response To Israel's Continued "aggression" Against Lebanon. According To Hezbollah's Al-Ahram TV, Hezbollah Used Drones And Rockets To Attack The Israeli Airbase In Ramat-David, Meron Air Traffic Control Base In Northern Israel, And The Nafah Base In The Golan Heights. Hezbollah Stated That This Was A Defensive Action For National Security Reasons, Aimed At Maintaining Lebanon's Stability And The Safety Of Its People

Spot Platinum Extends Declines, Last Down Over 8% At $2116.35/Oz