[US Stock Market Open] US submarine sinks Iranian warship, NATO intercepts Iranian missiles, a cargo ship forcibly enters, and two missiles. Dow Jones fluctuates (updating continuously)

U.S. Treasury Secretary Janet Yellen stated that the government will introduce a series of measures to stabilize oil transportation in the Persian Gulf, indicating U.S. intention to intervene in the Strait of Hormuz, which has been blocked by the Iranian Revolutionary Guard.

U.S. Secretary of Defense Lloyd Austin said that a U.S. submarine sank an Iranian warship in international waters. This is the first attack on a surface vessel by a U.S. submarine since World War II.

Oman reported that a Malta-flagged cargo ship was hit by two missiles in the Strait of Hormuz. According to sources, the ship is the SAFEEN PRESTIGE.

Turkey announced that NATO shot down an Iranian missile fired toward Turkish airspace.

The New York Times reported that on the second day after the attack, Iranian intelligence personnel indirectly contacted the CIA to discuss ending the conflict. Citing a U.S. official familiar with the contact, they expressed skepticism about whether the Trump administration or Iran was truly ready to seek a de-escalation mechanism.

Markets are watching Iran’s successor candidate’s stance and whether the U.S. and Israel will escalate bombing.

Oil prices sharply narrowed gains, with Brent crude up only 0.9%, trading at $82.11 per barrel.

U.S. stocks opened higher, with the Dow up 87 points at 48,589, the S&P 500 up 0.4% at 6,841, and the Nasdaq up 172 points or 0.8% at 22,689.

The U.S. dollar index fell 0.2% to 98.88; U.S. long-term bond yields steadied at 4.079%; international gold rebounded nearly 2%, temporarily at $5,171.

DWS noted that in January 2026, Iran’s daily crude oil production will be 3.13 million barrels, accounting for about 4% of global supply. Due to short-term supply and demand inflexibility, even a slight reduction in supply can drive oil prices sharply higher. Whether prices can stabilize later depends on OPEC’s ability to fill the supply gap in time. However, Darwei Kung, head of commodities at the firm, said, “OPEC’s current idle capacity is only about half of Iran’s total production.”

He added that if airstrikes cause ships to sink in the Strait of Hormuz, the shipping route may need to be blocked for months, causing long-term supply disruptions. Compared to airstrikes alone, ground offensives would cause even greater damage to supply. Therefore, whether the Strait’s shipping is restricted or fully blocked, it could severely impact oil supplies.

Hong Kong stocks and ADR markets are continuously updating; see the next page for details.

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Market Trends:

【21:30】【Iran Crisis】Cargo ship breaches Hormuz, attacked and catches fire

【21:00】【Oil Price Trend】If Hormuz Strait is blocked for weeks, how much will oil prices rise?

【19:00】Oil and gold prices continue to rise; Dow futures up 45 points, Nasdaq futures up 0.2%

【13:35】Dow futures down 225 points at 48,335; S&P futures down 41 points; Nasdaq futures down 212 points or 0.9% at 24,543.

【12:32】US Stock Analysis｜Iran Situation impacts Dow, which once fell nearly 1,300 points; Analysis: Optical communication stocks to watch, lagging stocks to consider

【11:59】【Oil Price Analysis】Oil once rose another 1% to hover at high levels; Trump administration provides insurance for oil tankers; Analysis: NY crude at $80 resistance strong

【11:45】【Iran Crisis】Middle East tensions shake Asia-Pacific markets; South Korea’s stock drops over 9%, triggering circuit breakers; Japanese stocks fall over 2,000 points

【11:31】【AI+Models】OpenAI releases GPT-5.3 Instant, offering more accurate and smoother conversational experience

【10:21】【Gold Price Trend】Gold and silver rebound sharply after steep declines; gold in Asia surpasses $5,100; silver rebounds 3% to $85

【08:49】【Iran Crisis】Fed officials say war adds new uncertainty to monetary policy; energy prices become key

【07:23】【Iran Crisis】Trump: Ending trade with Spain, war ends, oil prices will be lower than before

【06:51】【Iran Crisis】Islamic Revolutionary Guard: Blockade of Hormuz Strait for 3 weeks, global economy faces serious crisis (updating)

Below $1: US stock market on March 3====

Tuesday: Trump offers insurance guarantees + naval escort for oil tankers; Dow only down 403 points

Fourth day of Iran war, stock market moves follow Iran’s situation; due to the blockade of the Strait of Hormuz, oil prices surged 9.5%, reaching $77.98; Dow once fell 1,277 points or 2.6%, low at 47,626; S&P dropped 2.5%, low at 6,710; Nasdaq fell 2.7%, low at 22,124.

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Market Trends:

【13:27】Dow futures down 336 points at 48,609; S&P futures down 49 points at 6,839; Nasdaq futures down 215 points or 0.9% at 24,809.

【11:41】【Iran Crisis】Fidelity CEO: As long as Middle Eastern countries do not retaliate, conflict is unlikely to last more than five weeks

【11:19】【Iran Crisis】Oil prices rose another 1% early; analysis: conflict unlikely to last long; NY crude at $70-75 range, gold to retreat after easing

【10:50】【AI+Competition】OpenAI users launch boycott; Anthropic Claude surpasses ChatGPT, becomes top app on US Apple App Store

【10:46】【AI+Defense】Sam Altman: Adding clauses with the Department of Defense; clarifying AI cannot be used for monitoring U.S. citizens; OpenAI services not used by defense intelligence units

【10:36】【U.S. Tariffs】U.S. appeals court rejects government’s request to delay tariff refunds; refunds can proceed quickly

【10:10】【AI Frontline】Elon Musk’s X and xAI reportedly plan to repay $17.5 billion debt

【09:02】【Iran Crisis】Liu Biao: Planning to curb oil price surge; Trump administration reportedly has no current plans to use strategic petroleum reserves

【08:39】【Fed Rate Cuts】Yellen: Iran crisis impacts U.S. economy and inflation; likely to make Fed more cautious about rate cuts

【08:19】【U.S. Economy】JPMorgan’s Jamie Dimon warns inflation could be a “party pooper” for the U.S. economy after “cockroach theory”

【08:08】【AI+NVIDIA Chips】U.S. considers restricting NVIDIA H200 chips; limit of 75,000 units per Chinese company

【07:25】【Iran Crisis】Trump: Four main targets in Iran; U.S. Defense Department: thousands of missiles fired in two days, including ground-launched missiles from the U.S. (updating)

Below $1: US stock market on March 2====

Monday: Trump accelerates war progress; Nasdaq up 0.4%; Anthropic “crashes,” NVIDIA jumps 3%

Due to many users switching from OpenAI to Anthropic, Anthropic experienced a crash; as it is mainly paid service, the crash reflects strong growth in paying users, likely boosting revenue, but also indicates insufficient computing power. Nvidia (US: NVDA) surged 3%, closing at $182.48, boosting the Nasdaq.

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Market Trends:

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Trump held a press conference, stating that the war is initially expected to last 4 to 5 weeks, but the current progress is far ahead of schedule. For example, he said that the U.S. initially estimated it would take 4 weeks to dismantle Iran’s military leadership, but in fact, it took only about an hour. Overall, the progress has exceeded expectations significantly. However, he did not set a time limit, saying, “It doesn’t matter how long it takes. Whatever is needed, we will do it.”

Israel and the U.S. continue bombing. Due to ongoing war, European and Middle Eastern countries are mediating a ceasefire, reducing war risk premiums. The U.S. dollar index rose 1%, at 98.55; gold once surged 2.7%, reaching a high of $5,419.11, and closed up 0.9% at $5,325; spot silver plunged 7.7%, low at $86.54. The 10-year U.S. Treasury yield remains high at 4.03%.

Under the shadow of war, the Dow once fell 599 points to a low of 48,377, but closed down only 73 points at 48,904; the S&P gained 2 points to 6,881; Nasdaq rose 0.4% to 22,748.

Oil prices surged sharply, with Brent crude up 13%, reaching $82.37, closing at $78.12, up 7.2%; NY crude rose 12.4%, reaching $75.33, closing at $71.33, up 6.4%.

Major stocks were generally affected by global turbulence, but Palantir (US: PLTR) gained 5.8% as its Ontology technology integrated satellite imagery, communication monitoring records, and other information, greatly improving decision efficiency amid US-Iran conflict.

U.S. Secretary of Defense Lloyd Austin said the duration of military actions against Tehran would be decided by President Trump.

Invesco’s Benjamin Jones expects that stock markets will decline in the short term after the conflict, but the subsequent trend depends on how the situation develops. Most impacts are expected to be reflected through rising oil prices. Cyclical and consumer sectors may be more affected, while defense, energy leaders, and gold mining stocks are likely to benefit from this geopolitical turmoil.

Key data this week will focus on February unemployment rate and non-farm payrolls.

Hong Kong stocks and ADR markets are continuously updating; see the next page for details.

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Market Trends:

【22:30】Iran Crisis drags stocks down, Dow drops 495 points, Nasdaq down 1.3%; Palantir up 3% against the trend

【18:10】Iran Crisis causes Dow futures to fall 570 points, Nasdaq futures down 1.3%; oil once up 10%, gold above $5,400

【15:44】NY crude up 8.6% to $72.79; Brent crude down 9.1% to $79.49

【15:28】Dow futures down 640 points at 48,360; S&P futures down 94 points at 6,794; Nasdaq futures down 438 points or 1.8% at 24,566

【12:31】Dow futures down 369 points at 48,631; S&P futures down 50 points at 6,838; Nasdaq futures down 206 points or 0.8% at 24,798

【11:52】【Iran Crisis】Jungli Henderson Investment: Current oil prices reflect a “limited scale, short duration” conflict scenario

【11:48】【Iran Crisis】UAE stock market closed for two days; UAE government announces full coverage of stranded travelers’ expenses

【11:25】【Iran Crisis】Middle East conflict disrupts energy markets; economists warn of increased global economic risks; these countries most affected…

【10:50】【Iran Crisis】If the Strait of Hormuz closes for a month, Goldman Sachs warns Europe’s natural gas prices could surge 130%, crude oil could rise by $15 at worst

【10:09】【Major Bank Views】UBS downgrades U.S. stocks to “market aligned” for six reasons; remains optimistic on emerging markets, selects four key countries

【08:06】【Oil Price Trend】Iran crisis drives oil prices higher; Brent up over 8%; Hormuz Strait shutdown

【07:50】【Gold Price Trend】Gold up nearly 2%, back above $5,300; silver up over 2%, safe-haven rally amid Middle East war

【07:30】【Iran Crisis】Bloomberg estimates oil could rise 49%; Trump: Qasem Soleimani and three Americans dead, fighting continues until goals are achieved (updating)

【07:30】【Global Weekly Preview】Focus on geopolitical situation and U.S. employment data; February unemployment rate expected to stay at 4.3%

【07:30】U.S. stocks fell last Friday. Financial stocks plunged; American Express down 8%, Goldman Sachs down 7%, dragging Dow down 521 points to 48,977; S&P down 0.4% at 6,878; AI stocks remain under pressure, NVIDIA down 4%, dragging Nasdaq down 0.9% to 22,668.

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