Gate News Report, March 10 — EU officials announced that the G7 Energy Ministers' Meeting will be held today at 13:45 Central European Time (8:45 PM Beijing Time). Yesterday (March 9) evening, G7 officials stated that a broad consensus was reached at the G7 Finance Ministers' Meeting held on Monday to temporarily refrain from releasing oil reserves. Market data shows Brent crude oil at $88.8, up 3% intraday; WTI crude oil at $86.4, up 1.6% intraday.

Trump warns Iran that if it blocks oil shipments through the Strait of Hormuz, it will face a "twentyfold" retaliation, causing international oil prices to plummet and government bond yields to decline. The market is focused on the G7 summit and upcoming U.S. economic data releases, which will influence oil prices and market trends.

Gate News Report, March 10th, Russian expert Ikbal Guliyev stated that in the coming days, if the G7 makes a positive decision to release additional reserves, oil prices (international crude oil futures prices) could drop to $100 per barrel. However, the market will then face geopolitical risks again, and actual supply will experience shortages. Guliyev believes that if the supply shortage persists long-term, oil prices could reach $150-160 per barrel.

U.S. President Trump will review plans to curb oil prices on March 10, as oil prices have already exceeded $100 due to the Iran conflict. The White House is concerned that high oil prices could harm the economy, especially on the eve of the elections. Meanwhile, officials are discussing measures such as jointly releasing strategic reserve crude oil with the G7. Analysis indicates that ongoing conflict will limit the impact of policies on the global oil market.

Gate News Report, March 9 — G7 officials stated that a broad consensus was reached at the G7 finance ministers' meeting on Monday to temporarily hold back from releasing oil reserves.

Gate News Report, March 9 — The French Minister of Finance announced that France is prepared to use its strategic petroleum reserves (national emergency energy reserves) to stabilize the market. G7 finance ministers stated they are ready to take all necessary measures to address market volatility, but no consensus has been reached yet on releasing strategic petroleum reserves. Following the announcement, international oil prices surged briefly, with WTI crude oil (West Texas Intermediate) currently at $103.6 per barrel and Brent crude oil at $101.8 per barrel.

As tensions in the Middle East escalate, oil prices have surged significantly. The G7 finance ministers are discussing releasing emergency oil reserves to ease market pressure. Oil prices are influenced by multiple factors, and concerns about supply shortages are intensifying. The crypto market's demand for crude oil trading remains strong. If the reserves are released in a timely manner, it could temporarily alleviate supply and demand tensions, but uncertainties in the situation still remain.

Gate News Announcement, March 9th, the Group of Seven (G7) will discuss jointly releasing emergency oil reserves. Currently, three G7 member countries, including the United States, have expressed support for the coordinated release of emergency oil reserves. As a result, international oil prices sharply declined and retreated, with WTI crude oil (West Texas Intermediate crude oil futures) intraday gains narrowing to 20%.

According to The Financial Times, the UK is accelerating its deployment of blockchain sovereign bonds, aiming to become the first G7 country to issue digital government bonds. The UK Treasury has appointed HSBC and international law firm Ashurst to oversee a blockchain sovereign bond pilot project expected to launch later this year. This move is seen as a response to external doubts about the UK's slow progress in government debt tokenization. Previously, Chancellor Rachel Reeves stated that the pilot would be launched by the end of 2024, but several regions, including Hong Kong, have already completed digital sovereign bond issuances, putting the UK at risk of falling behind.

Gate News bot news, according to Gate's official announcement. Gate has delisted the trading markets for 14 tokens including 1SOS, IQT, G7, LADYF, SNS, ABYS, GIGS, FERC, SPICE, HAPI, OAX, VEXT, OOB, and SLF. These tokens have been assessed as not meeting the standards for enabling trading. For users who have submitted forms that meet the requirements, Gate has deposited the corresponding repurchase amount into the users' accounts. After delisting, users can still use Gate as a wallet to store assets for these currencies, and the specific time for the wallet function delisting will be notified by the official announcement.