Reserve

• The U.S. has initiated measures to secure Venezuela's gold reserves as American geopolitical influence in the region intensifies. • The effort reflects Washington's strategy to expand economic leverage and control over Venezuelan assets during the nation's ongoing political and economic crisis. • The move signals escalating U.S. intervention in Venezuela's internal affairs with significant implications for regional power dynamics.

• The U.S. Energy Department announced plans Wednesday to loan an additional 10 million barrels of crude from the Strategic Petroleum Reserve as part of a 172 million-barrel drawdown. • West Texas Intermediate crude prices exceeded $112 per barrel due to ongoing Iran conflict disruptions, prompting the reserve release to curb domestic fuel costs. • Critics warn the extensive SPR drawdown heightens U.S. energy vulnerabilities during prolonged geopolitical tensions and supply chain risks through key chokepoints.

• The Federal Reserve maintained the federal funds rate unchanged at 3.5%–3.75% during its March 2026 meeting, marking the second consecutive session without adjustment. • Policymakers cited solid economic expansion despite subdued job gains and elevated inflation above target levels. • The decision reflects caution amid global volatility, including Middle East conflicts driving oil prices up over 40% and renewed US trade frictions.

• Congresswoman Dina Titus (D-NV) introduced HR 8167, the Diplomatic Reserve Corps Act of 2026, on March 31, authorizing a 1,000-member ready reserve for U.S. diplomatic efforts. • Co-led by Rep. Michael Baumgartner (R-WA) and endorsed by the American Academy of Diplomacy, the bill addresses heightened demand periods for diplomacy. • The reserve would enable rapid deployment of experienced personnel to support State Department operations globally.

Treasury department said Financial Times article about Scott Bessent’s views on Fed oversight was ‘manufactured’ The US treasury department demanded on Friday that the Financial Times (FT) retract a report on treasury secretary Scott Bessent’s views on the Federal Reserve, accusing the newspaper of publishing “false claims” in a formal complaint that was escalated to the news outlet’s parent company, Nikkei Inc.The email from treasury officials, addressed to senior editors at the FT and Nikkei, disputed multiple claims in the story and criticized the headline as misrepresenting the underlying reporting. Continue reading...

More use of two-way charging will earn money for owners and could avoid the need to expand North Sea oil drillingThe Iran war has sent petrol and diesel prices to their highest levels in years, sparked warnings of fuel rationing across Europe and triggered calls for Britain to drill more North Sea oil and gas. But analysis suggests the UK is looking for solutions in the wrong places – and that one of them is sitting on people’s driveways or parked in the street.If more drivers switched electric vehicles, Britain would sharply reduce its petrol and diesel consumption, with every car charged from the grid rather than the pump extending the country’s fuel reserves – and experts say the potential impact goes far beyond that. If more drivers switched to electric vehicles, Britain could sharply reduce its petrol and diesel consumption. Every car charged from the grid rather than the pump extends the country’s fuel reserves – and experts say the potential impact goes far beyond that. Continue reading...

Microglossum cyanobasis – or blue-based earthtongue – is only the second such specimen ever to be found in EuropeThe discovery of a rare, tongue-shaped fungus is being hailed as a sign of the crucial ecological value of England’s national nature reserves.Never before recorded in the UK, the blue-based earthtongue, also known as Microglossum cyanobasis, was found sprouting at the Kingley Vale national nature reserve in West Sussex. Continue reading...

PM Sanae Takaichi says about 80m barrels of stockpiled oil to be provided to refiners – equivalent to 45 days of domestic demand • Middle East crisis – live updatesJapan will begin the biggest-ever release of oil from its strategic reserves this week, the prime minister, Sanae Takaichi, has said, as the country braces for possible shortages caused by the US-Israel war on Iran.The government last week approved the release of 15 days’ worth of private-sector reserves, amid concern that the conflict in the Middle East will continue to hinder the flow of tanker traffic along the strait of Hormuz. Continue reading...

• Rising yields across US and international bond markets reflect growing inflation expectations stemming from the energy shock caused by the Iran-US conflict, with 10-year gilts rising 14 basis points. • Market participants are increasingly betting on a Federal Reserve rate hike later this year as inflation anchoring concerns mount amid geopolitical disruptions to energy supplies. • The bond market deterioration follows Friday's significant equity selloff and signals potential monetary policy tightening ahead, with the Fed focused on ensuring inflation expectations remain anchored despite external supply shocks.

• The U.S. Federal Reserve decided to hold interest rates steady on March 19, 2026, in its first move since oil prices spiked due to the Iran war. • Officials cite inflationary pressures from energy disruptions but project stability if conflict de-escalates. • The decision impacts American consumers facing higher gas prices, influencing mortgage and loan rates nationwide.