The Federal Reserve's interest rate determination meeting will be held tonight, with rates expected to remain steady at 3.75%. This will be Mr. Powell's last meeting. The session will also include new economic forecasts, and due to the oil price shock, Mr. Powell will face a wave of questions regarding the weak February employment report and the oil price shock. Powell is likely to emphasize a wait-and-see approach.

Australia's central bank raised its interest rate for the second consecutive month in an unexpected move, increasing it to 4.1 percent by a 5 to 4 vote. The decision was driven by intensifying inflationary pressures resulting from rising energy costs due to the Iran war. The Reserve Bank warned that inflation may remain above its 2 to 3 percent target range for longer than previously anticipated, with some economists forecasting the country's inflation rate could reach 5 percent.

The Wall Street Journal reported that Russia is seeking to bolster Iran's military capabilities amid tensions with the US and Israel by providing satellite imagery and advanced drone technology. According to the report, Moscow seeks to prolong the war in the region for political and economic benefits, and the shared technology includes improved components for Shahed drones with better navigation and communication systems.

Iranian missile and drone strikes on Israel and Arab states in the Persian Gulf, including the UAE, Saudi Arabia, and Kuwait, continued for the third consecutive day. These attacks followed Iran's confirmation of the assassination of its national security chief, Ali Larijani, in an Israeli strike. Meanwhile, Trump announced that the US would soon be ready to end the war, and a strike also targeted an area near the Bushehr nuclear power plant, which Russia reported was without casualties.