U.S. stocks surge, oil prices experience huge volatility! The White House states: The U.S.-Iran 45-day ceasefire plan is just "one of many options"! Iran's largest petrochemical facility is attacked!

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On the evening of April 6, after the U.S. stock market opened, all three major indexes collectively surged.

Storage-related concept stocks gained strength in unison at the open. Seagate Technology jumped by more than 8%, SanDisk rose by more than 4%, Western Digital climbed nearly 4%, and Micron Technology rose by nearly 3%. On the news front, Morgan Stanley said it included Seagate Technology in its “preferred stock list.”

Most Chinese concept stocks rose. As of the time of writing, the Nasdaq China Golden Dragon Index was up 0.64%.

Oil prices saw dramatic volatility. Earlier, WTI crude had continued to fall from a rise of more than 3% to a decline of nearly 2%, and then noticeably rebounded. As of the time of writing, WTI crude was up 0.58%.

Gold and silver moved in different directions.

Regarding the situation in the Middle East, how likely is a ceasefire between the U.S. and Iran? According to the latest report by U.S. media cited by Xinhua News Agency, a White House official said that the 45-day ceasefire plan between the United States and Iran is only “one of many options” currently being discussed. The White House official said that U.S. President Trump has not approved the plan, and U.S. military actions against Iran are still ongoing.

The latest news shows that Iran’s largest petrochemical facility was attacked.

On the 6th, Iranian media reported that the petrochemical plants at Asaluye and South Pars in Bushehr Province “were attacked by enemy forces,” with several explosions reported.

In a statement on the 6th, Israeli Defense Minister Katz said that the Israeli military struck Iran’s “largest petrochemical facility” located in Asaluye in southern Iran. The facility is a major production base for Iran’s petrochemical products, accounting for about half of the country’s total petrochemical output. He said that last week the Israeli military struck another “major petrochemical facility” in Iran, and that together, these two facilities “account for about 85% of Iran’s export petrochemical product output.” He said this Israeli attack dealt Iran a severe economic blow, with losses reaching tens of billions of dollars. The Israeli military has been instructed to continue to do its utmost to strike Iran’s national infrastructure.

Iran, meanwhile, carried out a offensive in the 98th wave of “Operation True Promise-4.” In a statement issued on the 6th, Iran’s Islamic Revolutionary Guard Corps said strikes were carried out against U.S. and Israeli command, operational, logistics bases, and military-industrial infrastructure. Targets included Israel’s strategic centers in the north and south of Tel Aviv, Haifa; chemical enterprises and factories in Beersheba; and Israeli military sites in Petah Tikva. That morning, the IRGC Navy also used cruise missiles to hit an Israeli “SDN7” container ship, causing the vessel to catch fire. The statement also said that after the attack, a U.S. amphibious assault ship was forced to retreat to the southern Indian Ocean.

Regarding U.S. Federal Reserve rate cuts, international investment banks have lowered their expectations for this year’s rate cuts by the Fed: JPMorgan? (If applicable)—Wells Fargo expects the Fed to keep interest rates unchanged in 2026, while the prior forecast was for two rate cuts this year; Citigroup expects the Fed to cut rates in September, after previously expecting a June rate cut.

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