--- title: "Global News You Need to Know Before the US Market Open on Tuesday" type: "News" locale: "en" url: "https://longbridge.com/en/news/281885214.md" description: "Multiple explosions occurred on Kharg Island, Iran's largest oil-producing island, as Trump warned that civilization will perish. Saudi petrochemical facilities were hit by attacks, and Federal Reserve Officials expect the US inflation rate to be 2.75%. China's gold reserves increased for the 17th consecutive month, and Saudi Arabia's oil revenue rose. The IEA warned that the Gulf energy shock will surpass historical levels. Samsung's first-quarter profit is expected to increase eightfold, while Apple's foldable iPhone faces production delays. Bill Ackman plans a $63 billion acquisition of Universal Music, and Goldman Sachs lowered its 2026 copper price target. The Nikkei 225 and Shanghai Composite indexes rose slightly, while Hong Kong stocks were closed" datetime: "2026-04-07T12:50:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281885214.md) - [en](https://longbridge.com/en/news/281885214.md) - [zh-HK](https://longbridge.com/zh-HK/news/281885214.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281885214.md) | [繁體中文](https://longbridge.com/zh-HK/news/281885214.md) # Global News You Need to Know Before the US Market Open on Tuesday Multiple explosions were reported on Kharg Island, Iran's largest oil-producing island, with Trump stating, "The entire civilization will perish." Iranian media: Large-scale attacks hit major Saudi petrochemical industrial facilities. Fed's "No. 3" Williams: US inflation should be around 2.75% this year. Increasing for the 17th consecutive month! China's gold reserves rose by 160,000 ounces month-on-month at the end of March. With the shadow of a Hormuz Strait blockade looming, Saudi Arabia's March oil revenue rose 4.3% instead of falling, while Iran's increased by 37%. IEA warns: The intensity of the Gulf energy shock will exceed the sum of 1973, 1979, and 2022 combined; the global economy is entering a "Black April"! Samsung's first-quarter profit is expected to increase eightfold year-on-year, driven by the AI chip boom. Reports indicate Apple's foldable iPhone is encountering engineering bottlenecks, with the mass production timeline facing risks of delays. Bill Ackman plans to acquire Universal Music for $63 billion; Taylor Swift's label may shift to a US listing. Goldman Sachs lowers its 2026 copper price target, citing an expected expansion in the surplus. The Nikkei 225 index closed up 0.03%, and the Shanghai Composite index closed up 0.26%; Hong Kong stocks were closed today. ### Related Stocks - [ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF (159562.CN)](https://longbridge.com/en/quote/159562.CN.md) - [ZHONGJIN GOLD (600489.CN)](https://longbridge.com/en/quote/600489.CN.md) - [ProShares Ultra Bloomberg Crude Oil (UCO.US)](https://longbridge.com/en/quote/UCO.US.md) - [Global X Gold Explorers ETF (GOEX.US)](https://longbridge.com/en/quote/GOEX.US.md) - [EFUND GOLD MI-R (82824.HK)](https://longbridge.com/en/quote/82824.HK.md) - [SD-GOLD (600547.CN)](https://longbridge.com/en/quote/600547.CN.md) - [EFUND GOLD MI ETF (02824.HK)](https://longbridge.com/en/quote/02824.HK.md) - [VanEck Gold Miners ETF (GDX.US)](https://longbridge.com/en/quote/GDX.US.md) - [abrdn Physical Gold Shares ETF (SGOL.US)](https://longbridge.com/en/quote/SGOL.US.md) - [United States Oil (USO.US)](https://longbridge.com/en/quote/USO.US.md) - [The Energy Select Sector SPDR® ETF (XLE.US)](https://longbridge.com/en/quote/XLE.US.md) - [HSPC (603353.CN)](https://longbridge.com/en/quote/603353.CN.md) - [Agnico Eagle Mines Limited (AEM.US)](https://longbridge.com/en/quote/AEM.US.md) - [SPDR® Gold Shares (GLD.US)](https://longbridge.com/en/quote/GLD.US.md) - [Stt Strt®SPDR®S&P®Oil &GasEqpmnt&SvcsETF (XES.US)](https://longbridge.com/en/quote/XES.US.md) - [Newmont Corporation (NEM.US)](https://longbridge.com/en/quote/NEM.US.md) - [ProShares Ultra Gold (UGL.US)](https://longbridge.com/en/quote/UGL.US.md) - [Direxion Daily Gold Miners Bull 2X ETF (NUGT.US)](https://longbridge.com/en/quote/NUGT.US.md) - [ProShares UltraShort Yen (YCS.US)](https://longbridge.com/en/quote/YCS.US.md) ## Related News & Research - [Crude Prices Fluctuate on Iran War Headlines](https://longbridge.com/en/news/281776883.md) - [Fuel prices could keep rising for months after Hormuz reopens, US EIA says](https://longbridge.com/en/news/281908013.md) - [Fed's Williams: Iran war will drive up headline inflation](https://longbridge.com/en/news/281884042.md) - [Fed's Musalem says inflation will go up on commodity price shock](https://longbridge.com/en/news/281379101.md) - [Near-term oil prices hit record premium over later deliveries after Trump vows more attacks on Iran](https://longbridge.com/en/news/281570397.md)