Sources Say Saudi Aramco Has Told Crude Oil Buyers That Cargoes Must Be Loaded At Yanbu Port On The Red Sea Coast

Shipping Sources Say That Loading Of Iraqi Kirkuk Crude Oil At The Turkish Port Of Ceyhan Ceased On March 3

[Iran Claims To Have Strike 10 Targets At US Base In Bahrain] Iran's Islamic Revolutionary Guard Corps (IRGC) Issued Its 14th Statement On March 3, Saying It Had Struck 10 Targets At The US Sheikh Isa Air Base In Bahrain. According To Iranian Media Reports, The IRGC Stated In The Statement That The Air Command And Control Center, Aircraft Fuel Depots, And Residences Of Senior US Commanders At The Sheikh Isa Air Base Were Destroyed. On-site And Satellite Intelligence Monitoring Indicated That All Infrastructure At The Base Had Ceased Operation, And US Personnel Had "fled" The Base. Meanwhile, The Israel Defense Forces (IDF) Issued A Statement Saying That It Had Detected A New Round Of Missile Launches From Iran Towards Israel, And That Its Air Defense Systems Were Intercepting Them

Traders Cut Bets On A Fed Rate Cut. Market Pricing Indicates A 50% Probability Of A Second 25-basis-point Rate Cut This Year. The Yield On The Two-year U.S. Treasury Note Rose 11 Basis Points To 3.58%, A One-month High. Money Market Pricing Indicates A 37-basis-point Rate Cut By The Fed By The End Of The Year, Down From Monday's Expectation Of 50 Basis Points

Spot Palladium Extends Losses, Last Down Over 7% At $1637.00/Oz