Iran seeks to impose tolls on ships passing through the Strait of Hormuz. A draft bill has been drawn up but has not yet reached the stage of a complete package.

The Eurozone Composite Purchasing Managers' Index (PMI) fell to 50.5 in March, significantly lower than the previous month's 51.9

On March 24, the 2026 Boao Forum for Asia released the "2026 Annual Report on Asian Economic Prospects and Integration Process". Asia is still the main growth engine of the world economy, with an expected growth rate of 4.5% in 2026.

The EU and Australia reached a comprehensive trade agreement on March 24, 2026. This agreement, reached after nearly eight years of negotiation, will eliminate tariffs on most goods from both parties and provide greater convenience for the EU to obtain Australia's key mineral resources.

The war has a great impact on China's seamless pipe exports. In 2025, China's seamless pipe exports to the Middle East were approximately 2.643 million tons, accounting for 42.02% of China's total seamless pipe exports, making it the largest export region of China's seamless pipes.

The German automaker Volkswagen Group released its financial report on the 10th, showing that the group’s after-tax profit in 2025 fell by about 44% year-on-year, from 12.4 billion euros to 6.9 billion euros, the lowest level since 2016.

Saudi Arabian Oil Co. (Saudi Aramco) is studying options to redirect more crude oil shipments to the Yanbu port.

The Iraqi Oil Ministry issued a statement saying that due to the closure of the Strait of Hormuz, which has disrupted international shipping, oil tankers have been blocked from entering the waters of the Persian Gulf.

In January 2026, the world's crude steel output in 69 countries/regions included in World Steel Association statistics was 147.3 million tons, a year-on-year decrease of 6.5%.

Germany's gross domestic product (GDP) will grow by 0.2% in 2025, and it is generally predicted that the German economy is expected to experience more significant growth in 2026

The EU is currently considering setting a "Made in Europe" target of up to 70% for specific goods, including cars. This move aims to prioritize the purchase of local goods to reduce the EU's dependence on other countries in clean technology and some heavy industries.

Recently, affected by factors such as the rapid depreciation of the Japanese yen, global foreign exchange market volatility has intensified, and the spot exchange rates of RMB against the US dollar have risen above 7.09, reaching a new high in more than a year.