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Golden Ten Data reported on March 4 that after Platts decided to exclude crude oil grades shipped from the Persian Gulf from its pricing mechanism, the benchmark Dubai crude oil price in the Middle East soared on key trading platforms, with buy orders reaching astonishing levels. According to traders monitoring the trading window, TotalEnergies on Wednesday quoted a price for a portion of Dubai crude oil for May shipment on the Platts closing price platform that was about $12/barrel higher than the benchmark. In contrast, before the outbreak of the Iran war last week, this premium was only around $1. On March 2, S&P Global's flagship commodities division Platts announced that, given the effective closure of the Strait of Hormuz, crude oil grades shipped within the Persian Gulf may no longer be nominated in the Dubai price discovery process. Traders stated that as the total physical volume supporting the benchmark was reduced, the market became extremely tight, causing the benchmark price to surge sharply. The excluded grades include Dubai crude, Upper Zakum crude, Al Shaheen crude, and Murban crude shipped from Jebel Dhanna, which constitute most of the deliverable physical oil in this trading window. Currently, only a small flow of Oman crude and Murban crude shipped from Fujairah outside the Gulf remain.

Golden Ten Data reported on March 4 that Pakistan's largest natural gas distributor is preparing to cut supplies to some industrial customers, indicating that Pakistan, one of the world's most dependent economies on Qatar's energy exports, is facing increasing pressure. During the last energy crisis four years ago, Pakistan suffered a severe economic blow, unable to afford sky-high energy prices, and was forced to endure several hours of power outages daily. In the short term, the current crisis surprisingly brings an unexpected "positive aspect" for Pakistan's stressed economy—it may help the country avoid costly procurement agreements from Qatar that it no longer needs. Samiullah Tariq, Head of Research at Pakistan Kuwait Investment Company, stated that turning to cheaper alternatives such as imported coal "might be a blessing in disguise." However, Sui Northern Gas Pipelines Limited notified customers that, due to a supply interruption reported by its supplier Pakistan State Oil Company just five days after the outbreak of the Persian Gulf conflict, the company will stop supplying regasified liquefied natural gas to fertilizer plants from midnight Wednesday. This suggests that if the interruption lasts longer, it will almost certainly bring painful and heavy consequences.

According to the PRO Major Order List, the total trading data of BTC and ETH major players in the past 24 hours are as follows: BTC: Total transactions reached 1.735 billions USD, including 600 millions USD in buy transactions and 1.135 billions USD in sell transactions, with a transaction difference of -534 millions USD. ETH: Total transactions reached 1.419 billions USD, including 599 millions USD in buy transactions and 820 millions USD in sell transactions, with a transaction difference of -221 millions USD. The latest data shows that major players are still making arrangements at key price levels: BTC net pending order difference is 540 millions USD, with the largest single order amount reaching 72.3514 millions USD; ETH net pending order difference is 210 millions USD, with the largest single order amount being 18.8065 millions USD. Specific key points for major bets can be obtained through the PRO "Major Order Tracking" indicator. The data is for reference only and does not constitute any investment advice.