Overnight news overview on March 7th

1. Trump's Truth Social post stated, "No agreement will be reached with Tehran unless an unconditional surrender is made." 2. The Trump administration stated on Friday that they have devised a plan to provide up to $20 billion in war risk insurance for ships in the Strait of Hormuz. 3. A Customs and Border Protection official informed a federal judge that they are unable to comply with a court order to stop a key step in the tariff payment process. 4. Customs and Border Protection stated on Friday that they have collected approximately $166 billion in tariffs and bonds based on emergency tariff measures issued by Trump and later invalidated by the Supreme Court. 5. On the evening of the 6th local time, the Iranian army's Public Relations Department announced that the Iranian army and navy missile systems launched a coastal-to-sea missile at the US aircraft carrier "Lincoln" that evening. 6. Oracle and OpenAI have abandoned their plans to expand a data center in Texas. 7. Barclays Bank stated on Friday that if the Middle East conflict continues for a few more weeks, Brent crude oil could possibly test $120 per barrel. 8. Federal Reserve Board member Milan: will oppose standing still at the March policy meeting. 9. US crude oil prices surged by 35.63% this week, marking the largest weekly gain since futures trading records began in 1983.