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BlockBeats News, June 8th, according to Bitget market data, the Nasdaq 100 Index futures saw its gain expand to 1.5%.

BlockBeats News, June 8th: According to a report from Israel's Channel 12 News, citing senior officials, Israel has suspended strikes on Iran at the request of U.S. President Trump. Strikes in Lebanon by Israel will continue. If Israeli territory is attacked, Israel will strike Dahieh (located south of Beirut, Lebanon). At the time of writing, WTI crude oil is trading at $92.588, up 1% intraday; Brent crude oil is trading at $93.5, up 1.6% intraday.

Crude Oil: Over the weekend, Iran launched multiple missiles at Israel in response to an escalation by Israeli forces against Lebanon. Israel retaliated by targeting sites inside Iran, but Trump has no intention of reigniting comprehensive conflict with Iran, calling for Iran to return to the negotiating table. The market opened higher this week; crude oil and chemical product inventories continue to decline, with some energy and chemical product basis prices relatively high. The chemical sector followed geopolitical and crude oil movements with a notable rebound. Going forward, geopolitical news remains volatile. Energy and chemical products are showing strong current performance but weak expectations, with highs likely restrained by long-term cyclical resistance levels, although there is currently no sign of a peak in the rebound.Fuel Oil: During the US-Iran conflict, oil-producing countries cut production amid attacks on Middle Eastern infrastructure and oil facilities, while domestic high-sulfur fuel oil is highly dependent on imports. US-Iran negotiations have stalled, and recently Russian fuel oil exports have also been disrupted. On the demand side, fuel oil for power generation is in peak season, and fundamentals remain strong. However, Iran and the US have reached consensus on most issues, so overall developments may head towards easing. In the short term, the situation remains uncertain and may be suitable for short-term long positions, but the upside is expected to be limited.Asphalt: Today, the price of Shandong 70# heavy-duty asphalt is 4,530 RMB/ton, an increase of 50 RMB/ton compared to previous levels, with asphalt supply reaching a new low and market prices continuing to rise. In June, the total production in domestic local refineries was 625,000 tons, down 249,000 tons month-on-month, a decrease of 28.5%.Glass: Transaction volume in the North China market was average today, market sentiment was weak, and Sand River market prices were relatively flexible with some price centers slightly lower. Against a backdrop of sustained poor industry profitability, expectations for cold repairs have recently increased, but terminal downstream demand remains weak, and some production lines are scheduled to resume operation. The supply and demand game is intensifying.Soda Ash: The domestic soda ash market was stable and subdued today, with little price fluctuation and some enterprises making minor adjustments. Recently, companies undergoing maintenance are gradually resuming operations, and supply is increasing. Today, soda ash capacity utilization rate was 78.79%. On Monday, domestic soda ash manufacturers' total inventory was 1.6859 million tons, down 31,900 tons (-1.86%) from last Thursday. Medium-term supply remains high and demand weak, so it is advisable to short on rallies.Caustic Soda: Using Shandong as a benchmark, the price for alumina's procurement of liquid caustic soda was raised over the weekend, and most brands in Shandong adjusted their quotes modestly over the weekend and early week, increasing by around 10 RMB/ton. Actual transaction prices differed according to customers and orders, and were not consistently higher.Methanol: Today, spot price in Taicang was 3,285 (+75), and North Inner Mongolia was 2,752.5 (+2.5). The domestic methanol market was mostly strong today. Fundamentally, domestic methanol supply has been insufficient recently, supporting the spot market, while macro sentiment remains the biggest influence.