IIR's March 10 Market Scorecard Brings You Breaking Geopolitical News

Researched by Industrial Info Resources (Sugar Land, Texas)--Stay current with the latest geopolitical events, and more importantly, instantly connect to how these events may impact you and your business strategies.

Event	MarCon*	IIR Comment	Outlet	IIR News
Trump envoy Witkoff to travel to Doha for Gaza ceasefire talks		President Donald Trump's envoy to the Middle East, Steve Witkoff, is expected to travel to the Qatari capital of Doha on Tuesday for ceasefire talks. They would be the first Gaza ceasefire negotiations since Trump took office. The first phase of the ceasefire ended March 1 without agreement on the next steps. Hamas insists on negotiations to reach the second phase, which would include a permanent end to the war. Israel has pushed for a temporary truce to secure the release of more hostages. Last week, Israel halted the entry of all humanitarian aid into the besieged enclave over the dispute.	The Washington Post	Join IIR for Our Refining, Alternative Fuels & Crude Markets Industrial Outlook
Trump claims cut in intelligence sharing 'just about' lifted ahead of Saudi talks		Ukrainian and American officials are meeting in Saudi Arabia on Tuesday to discuss how to bring an end to the war with Russia. Ahead of the talks, which the U.S. will use to decide whether Kyiv is interested in a "realistic" peace deal, Donald Trump said the U.S. had "just about" lifted its suspension on intelligence sharing with Ukraine. Intelligence sharing will form part of tomorrow's peace talks between the U.S. and Ukraine, Donald Trump's Mideast envoy Steve Witkoff said.	Independent	U.S. Rig Count, New Wisconsin Solar Park, U.S. Crude Oil Exports: Your Daily Energy News
Oil steady as tariff uncertainty keeps investors on edge		Oil prices held steady on Monday as concern over the impact of U.S. tariff uncertainty and rising output from OPEC+ producers pressured prices while potential sanctions on Iranian oil exports provided some support. Last week marked WTI's seventh consecutive weekly loss, the longest losing streak since November 2023, while Brent fell for a third consecutive week. Investors view uncertainty over U.S. tariffs as negative, but possible sanctions against Iran and Russia could provide support in the short term, said PVM analyst Tamas Varga.	Reuters	Canada's Athabasca Oil: We're Resilient Against Trump's Tariffs
European markets reverse course to trade lower as volatility persists, Asia-Pacific markets mixed after volatile trading week		European markets were trading lower on Monday, erasing gains notched earlier in the session to continue the volatility seen in global markets last week. Regional markets closed in negative territory last Friday, rounding off a volatile week marked by whipsawing policy on U.S. tariffs, the latest rate cut from the European Central Bank and key U.S. jobs data which showed nonfarm payrolls rose by a less-than-expected 151,000 in February. Over the weekend, China's consumer inflation dropped below zero for the first time in 13 months due to seasonal distortions and deflationary pressures. The consumer price index declined 0.7% in February from a year earlier, compared with a 0.5% gain in the previous month, data from the National Bureau of Statistics revealed.	CNBC	U.S. Manufacturers Need Congress to Prevent Tax Reform Legislation Sunset
Natural Gas News: Will Cooling in the West Offset Milder Weather in the East?		NOAA's March 17-21 forecast signals cooling on the West Coast but mixed temperatures elsewhere--how will traders react? Natural gas futures retreated after hitting $4.551. LNG exports hold near 15.2 Bcf/d while U.S. tariffs on Canadian gas add uncertainty--could trade policy fuel market volatility? Natural gas futures risk falling to $3.749--will demand drivers spark a rebound, or is a deeper drop toward $2.946 next?	FX Empire	Permian Basin Leads U.S. Gas Pipeline Kickoffs in Second Quarter
China hits U.S. farm goods with tariffs as trade war escalates		China has introduced retaliatory tariffs on about $22 billion of U.S. goods, including agricultural exports, targeting President Donald Trump's rural base in the latest escalation in the trade war between the world's two largest economies. Beijing's measures, which were announced last week in response to Trump slapping an additional 10% levy on all Chinese products, are aimed primarily at U.S. farm goods.	Financial Times	Trump Pauses Mexico, Canada Tariffs for USMCA-Compliant Goods Until April
China Looks To Derail The West's Strategy To Replace Russian Gas Supplies		China's North Petroleum International Company (NPIC) last week signalled its intention to dramatically increase its presence in Egypt's energy sector. An initial US$100 million is earmarked to acquire new concessions and establish partnerships in the gas and oil sectors of Egypt's Western Desert and offshore areas. Perhaps the main reason for China's interest in significantly expanding its presence in Egypt is that the country became a key focus of the West's attempts to secure gas supplies to help compensate for those lost from Russia.	OilPrice	Will the Data Center Rush for Power Begin to Slow Down?
Week 03/03/25 - 03/10/25		Talks in the Middle East this week, will they but be the precursor to peace--via ceasefire agreements--between Russia and Ukraine as well as Israel and Hamas or are we looking at possible escalation in these conflicts? Will talks between the U.S., Canada, Mexico, China and other nations about U.S. tariffs being applied help to address the volatility roiling these markets? As there is much talk around the water coolers of what has, is, and will be happening from geopolitics, to geo-economics, to fundamentals that are driving uncertainty across the marketplace as everyone is trying to find their footing.
*MarCon (Market Condition 1-5, with 5 being the highest impact) indicates directional bias or price effect for the relevant commodity (Oil, Natural Gas, Chemicals, etc.) and is graded by our team of experts here at IIR.

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