Overnight headlines of March 13th

1. Informed sources revealed that as one of the measures to prevent the soaring prices of crude oil and gasoline, the Trump administration plans to issue a temporary waiver on a maritime law with a century-old history. 2. A Pentagon official said on Thursday that the US spent about $11 billion last week in the conflict with Iran, which is the first public estimate of the cost of the conflict - while Democratic lawmakers insist that the actual amount is much higher. 3. The Dow Jones Industrial Average fell more than 700 points, breaking below 47,000 points to hit a new low for the year. 4. The settlement price of Brent crude oil has surpassed $100 per barrel for the first time since August 2022, as millions of barrels of oil remain trapped in the Persian Gulf, causing the largest disruption in the oil market in history. 5. A court filing submitted on Thursday shows that the US government is establishing a system consisting of four parts to refund $166 billion in illegal tariffs and interest to businesses. 6. Tesla has received government approval to convert its investment in Elon Musk's xAI into a small stake in SpaceX. 7. US Treasury Secretary Scott Bettner, in an interview with Sky News, said he is not concerned about the long-term financial costs associated with a war with Iran. 8. Bond traders are no longer betting with 100% certainty that the Federal Reserve will cut interest rates in 2026. 9. According to a real-time poll by Morning Consult, the concerns of the American people about rising oil prices are increasing, with about half blaming President Trump.