On March 12, last night and this morning, the tripartite conflict between the US, Israel, and Iran has shown signs of turning, with the conflict beginning to revolve around oil prices and the US stock market. Meanwhile, Iran has first proposed conditions for negotiations. BlockBeats summarizes as follows:

Last night, under US leadership, the International Energy Agency (IEA) announced the release of 400 million barrels of emergency oil reserves to the market, marking the largest release in history. Almost simultaneously, Trump stated that the war would "end very soon." On the other hand, Iran warned that oil prices could rise to $200 per barrel, as the Gulf countries' oil storage capacity is nearing saturation, and nearly 20 million barrels of oil supply per day still cannot enter the market.

This morning, two oil tankers were attacked near northern Gulf waters off Iraq and Kuwait, reigniting concerns over the safety of commercial shipping in the region. International oil prices surged sharply at the start of Thursday trading, breaking through $90.

Additionally, Iran's ambassador confirmed that Iran's new Supreme Leader, Moojtab, was injured in the airstrike on February 28. Iran also clarified its conditions for reaching a potential ceasefire agreement with the US and Israel. The demands include: recognition of Iran's legitimate rights; compensation received by Iran; and firm international guarantees against future acts of aggression.

In the cryptocurrency sector, despite recent ETF inflows, Bitcoin remains narrowly fluctuating around $70,000. At the time of writing, Bitcoin is at $69,918.10, down 0.49% over the past 24 hours.