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On March 17 local time, European Commission President Ursula von der Leyen and European Council President Charles Michel issued a statement regarding the "Friendship" oil pipeline, stating that the European Union is intensively communicating with all parties to promote the restoration of oil supplies to Hungary and Slovakia. The statement noted that following another Russian attack on the "Friendship" oil pipeline on January 27, crude oil supplies to Hungary and Slovakia have been affected. The EU has conducted intensive consultations with member states and Ukraine at multiple levels, seeking to repair damaged facilities and resume oil transportation. The EU stated that it has provided technical support and financial assistance to Ukraine, and the relevant proposals have been welcomed and accepted by the Ukrainian side, with European experts ready to participate in related work at any time. The statement emphasized that ensuring energy security for European citizens is currently the top priority. The European Commission will continue to cooperate with relevant parties to explore alternative routes for delivering energy to Central and Eastern European countries using crude oil from non-Russian sources, in order to enhance the stability and security of energy supply. (CCTV News)

This move marks a strategic adjustment in the company's global supply chain layout.

金十数据 reported on March 17 that foreign exchange traders are heavily purchasing hedging tools to prepare for potential extreme volatility. They are closely monitoring developments in the Middle East and getting ready for possible upcoming events. After the initial shock of war breaking out and oil prices surging to $100 per barrel, investors are taking advantage of this relatively calm period to buy options with very low probabilities but which can yield substantial returns if exchange rates suddenly move in one direction. The demand for hedging options against extreme exchange rate fluctuations, such as butterfly options, has increased, with demand for euro-dollar options reaching its highest level in 11 months at the beginning of March.