【US Stock Market Opening】Trump: Iran Will Soon Surrender, Dow Rebounds 329 Points, Oil Price Breaks Below $100 (Continuously Updated)

President Trump of the United States, in an interview with Fox News, stated that if necessary, the U.S. will escort ships through the Strait of Hormuz but did not disclose further details. He also announced that the U.S. will “strike Iran hard” within the next week.

Additionally, during the G7 leaders’ video conference, Trump said Iran is about to surrender. He also implied that Iran no longer has officials who can make surrender decisions, admitting, “No one knows who the leader is, so no one can declare surrender.”

On the other hand, U.S. Secretary of Defense Lloyd Austin dismissed questions about the Iran war causing the closure of the Strait of Hormuz, stating that the U.S. has been dealing with related issues and there is no need for the market to worry. He also said Iran has “already shown complete despair” in the Strait of Hormuz. When asked why there was no preparation for the disruption of traffic through the strait, he emphasized that authorities had anticipated this and aim to proceed gradually in the most effective way, without revealing specific plans. He stressed that the only current obstacle to passage is Iran firing on ships.

Austin also predicted that all of Iran’s defense companies will soon be destroyed. He pointed out that, as of two days ago, all companies manufacturing parts for Iran’s ballistic missiles have been effectively defeated. He further speculated that Iran’s new Supreme Leader, Mujeh Tabataba, may already be injured or even disfigured.

Following these remarks, Brent crude oil prices turned from gains to losses, currently at $99.05 per barrel, down over 1%, slipping below $100. The US dollar index stands at 100.04, remaining steady around 100. Gold prices remain stable at $5,118 per ounce. The yield on the 10-year U.S. Treasury continues to hold above 4.2%, currently at 4.257%.

U.S. stocks rebounded on Friday, with the Dow Jones rising 329 points to 47,006, the S&P 500 up 35 points to 6,707, and the Nasdaq up 89 points or 0.4% to 22,407. The U.S. Personal Consumption Expenditures (PCE) inflation index for January increased year-over-year from 2.9% in December to 2.8%, below the market expectation of 2.9%. Monthly, it rose 0.3%, the same as December, in line with expectations. Core PCE inflation rose from 3% to 3.1% annually, with a monthly increase of 0.4%, both in line with market forecasts.

DWS’s chief U.S. economist Christian Scherrmann expects the Federal Reserve to likely keep interest rates unchanged at next week’s meeting. However, with escalating Middle East tensions and rising oil prices, the market has become more complex. For central banks, energy price shocks are usually seen as short-term factors that can temporarily boost overall inflation.

Historically, such shocks tend to be short-lived but highly volatile. In some cases, rising energy costs squeeze household budgets and suppress demand for other goods and services, potentially easing core inflation pressures. However, if energy prices remain high, risks increase as households and businesses may develop broader inflation expectations. This is a critical moment for the Fed. Currently, the U.S. economy’s dependence on oil is much lower than in previous years, reducing the likelihood that energy shocks will lead to persistent inflation. The dot plot is expected to show only one rate cut this year.

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Market Trends:

【20:05】Trump: Will escort ships through the Strait of Hormuz, will strike Iran hard within a week. Dow futures rebound by 214 points, oil prices fall below $100.

【13:24】U.S. stock futures rebound; Dow futures up 119 points at 46,840; S&P futures up 11 points at 6,689; Nasdaq futures up less than 1 point at 24,560.

【14:08】【Yen Movement】Yen drops to lowest since July 2024 amid rising oil prices, increasing depreciation pressure. Japanese Finance Minister: Will take all necessary measures to respond to exchange rate fluctuations.

【13:55】【IPO News】S&P may revise rules to accelerate inclusion of SpaceX in the S&P 500 after listing.

【13:25】【Market Analysis】Dow plunges over 700 points; analysis suggests overall volatility has narrowed since early conflict, market is gradually adjusting. If Middle East conflict worsens, there could still be a pullback.

【12:57】【Adobe Earnings】Adobe CEO to resign amid efforts to cope with AI disruption; earnings beat expectations but stock still down nearly 8% after hours.

【10:45】【Apple】Apple lowers App Store commission rates in mainland China; Tencent says industry is excited.

【10:39】【Iran Crisis】Multiple exchanges oppose U.S. intervention in oil markets; CME CEO warns it could trigger an “epic disaster.”

【09:53】【Iran Crisis】U.S. Department of Treasury issues new licenses allowing buyers to purchase Russian oil already at sea.

【08:57】【Gold Trend】Gold rebounds to $5,100 per ounce but likely to record a second consecutive week of decline.

【07:05】【Iran Crisis】Iran: Wife of Khamenei not dead; plans to attack US companies and oil facilities in the Middle East. US: KC-135 tanker crashes; USS Ford’s laundry area catches fire (ongoing updates).

$1 or less for March 12 U.S. stock market overview====

Thursday: Dow drops 739 points; Nasdaq down 1.8%; bank stocks plunge; Iran’s top leader vows revenge; Brent crude back above $100.

Following a drone attack on oil tankers in the Persian Gulf, UK Defense Secretary John Healey indicated Iran may be laying mines in the Strait of Hormuz. Brent crude rises 9.2%, surpassing $100, reaching a high of $101.8, closing at $100.46.

Market Close:

Market Summary:

• Dow closes at 47,417, down 289 points.
• S&P 500 drops 0.08% to 6,775.
• Nasdaq rises slightly by 0.08% to 22,716.
• Oracle’s earnings and outlook beat expectations, stock surges 9.2%; Nvidia up 0.7%.

Oil prices continue to rise; NYMEX crude at $87.25, up 4.55%; Brent at $91.98, up 4.76%.

Iranian media reports that the Islamic Revolutionary Guard Corps announced that the vessel Mayuree Naree was attacked after ignoring warnings from IRGC Navy. According to MarineTraffic, Mayuree Naree is in the Strait of Hormuz.

Market Reaction:

+2

The Fast News Agency quotes a military spokesperson: “The policy of proportional retaliation has ended; from now on, our policy will be continuous strikes. No oil shipment will pass through the Strait of Hormuz to benefit the U.S., Zionist regime, and their partners.”

However, Japan and other countries will release oil reserves. The International Energy Agency (IEA) issued a statement that its 32 member countries agreed on Wednesday (11th) to release 400 million barrels from emergency reserves, the largest ever, to address the oil market chaos caused by Middle East war.

Chubb Insurance will lead a $20 billion U.S. government-backed plan to insure ships passing through the Strait of Hormuz, collaborating with the U.S. International Development Finance Corporation (DFC) to help oil tankers and commercial ships resume navigation under the risks of war.

U.S. February inflation data met expectations: overall CPI rose 2.4% annually, monthly increase was 0.3%; core CPI rose 2.5% annually, monthly increase slowed to 0.2%. However, this does not yet reflect the impact of rising international oil prices due to the Middle East conflict.

The Trump administration reportedly will initiate trade investigations to pave the way for new tariffs; The New York Times reports that after the Supreme Court rejected Trump’s tariff agenda, the White House will announce a series of trade investigations on Wednesday under Section 301 of the Trade Act, covering digital service taxes and currency manipulation, marking an important step in rebuilding the “tariff wall.”

Market Trends:

【21:30】Dow opens down 22 points at 47,683; Nasdaq up 0.3% at 22,765; S&P up 7 points at 6,788.

【19:04】Dow futures up 133 points; Nasdaq futures up 0.2%; S&P futures up 16 points.

【01:50】Dow futures up 121 points at 47,866; S&P futures up 18 points at 6,805; Nasdaq futures up 58 points or 0.2% at 25,041.

【12:47】【Iran Crisis】Oil prices rise; Federal Reserve stance shifts hawkish? US banks warn market may misjudge the situation, with a significant rate cut possibility.

【10:48】【Iran Crisis】EIA forecasts Brent crude will stay above $95 for the next two months, expected to fall back to around $70 by year-end.

【09:53】Nvidia partners with competitors of OpenAI, providing 1 gigawatt Vera Rubin chips to Thinking Machines.

【08:59】【Fed Chair】Senator Thom Tillis meets with Powell, reiterates that the Department of Justice will block Powell’s nomination until investigations are concluded.

【08:31】【Iran Crisis】IEA reportedly proposes releasing over 180 million barrels of oil reserves; oil prices shift from rising to falling.

【07:45】【AI & Defense】Anthropic reports its AI tools are blacklisted, risking billions in losses.

【07:25】【AI & Oracle】Oracle beats earnings expectations, surges 8% after hours.

【06:26】【Iran Crisis】Iran plans to lay mines in the Strait of Hormuz, with thousands in stock; Trump warns of unprecedented military consequences (ongoing updates).

Market Overview for March 10:

Tuesday: White House states U.S. did not escort oil tankers through the Strait of Hormuz; Dow down 34 points; oil prices narrow losses.

Market focuses on latest Middle East developments. Oil remains weak, Dow turns lower. U.S. Energy Secretary Chris Wright posted on social media that the U.S. Navy successfully escorted a tanker through the Strait of Hormuz, but the post was soon deleted. White House spokesperson Karoline Leavitt said the U.S. did not escort ships.

Iran’s Islamic Revolutionary Guard Corps responds that the U.S. claim of escorting oil tankers is false; any U.S. and allied actions will be blocked within Iran’s missile and drone range.

Market hopes for an end to the Iran-U.S. conflict; NYMEX crude closes at $83.45, down 11.94%; Brent drops 11.28%, at $87.8.

Dow once rose 479 points, but closed down 34 points at 47,706; S&P down 0.21%; Nasdaq up slightly by 0.01%, at 22,716; Oracle’s earnings and outlook beat expectations, stock surges 9.2%; Nvidia up 0.7%.

Oil prices continue rising, with NYMEX crude at $87.25, up 4.55%; Brent at $91.98, up 4.76%.

Iranian media reports IRGC announced that the vessel Mayuree Naree was attacked after ignoring warnings. MarineTraffic shows Mayuree Naree is in the Strait of Hormuz.

Market Reaction:

+2

The Fast News Agency quotes a military spokesperson: “The policy of proportional retaliation has ended; from now on, our policy will be continuous strikes. No oil shipment will pass through the Strait of Hormuz to benefit the U.S., Zionist regime, and their partners.”

However, Japan and other countries will release oil reserves. The IEA announced that its 32 member countries agreed on Wednesday (11th) to release 400 million barrels from emergency reserves, the largest ever, to address the chaos in the oil market caused by Middle East conflict.

Chubb Insurance will lead a $20 billion U.S. government plan to insure ships passing through the Strait of Hormuz, collaborating with the U.S. International Development Finance Corporation (DFC) to help oil tankers and commercial ships resume navigation under war risks.

U.S. February inflation data met expectations: overall CPI rose 2.4% annually, monthly increase was 0.3%; core CPI rose 2.5% annually, monthly increase slowed to 0.2%. But this does not yet reflect the impact of rising oil prices due to the Middle East conflict.

The Trump government reportedly will launch trade investigations to pave the way for new tariffs; The New York Times reports that after the Supreme Court rejected Trump’s tariff agenda, the White House will announce a series of trade investigations on Wednesday under Section 301, covering digital service taxes and currency manipulation, marking an important step in rebuilding the “tariff wall.”

Market Trends:

【21:30】U.S. stocks open lower; Dow down 22 points at 47,683; Nasdaq up 0.3% at 22,765; S&P up 7 points at 6,788.

【19:04】Dow futures up 133 points; Nasdaq futures up 0.2%; S&P futures up 16 points.

【01:50】Dow futures up 121 points at 47,866; S&P futures up 18 points at 6,805; Nasdaq futures up 58 points or 0.2% at 25,041.

【12:47】【Iran Crisis】Oil prices rise; Fed stance shifts hawkish? US banks warn market may misjudge the situation, with a significant rate cut possibility.

【10:48】【Iran Crisis】EIA forecasts Brent crude will stay above $95 for the next two months, expected to fall back to around $70 by year-end.

【09:53】Nvidia partners with competitors of OpenAI, providing 1 gigawatt Vera Rubin chips to Thinking Machines.

【08:59】【Fed Chair】Senator Thom Tillis meets with Powell, reiterates that the Department of Justice will block Powell’s nomination until investigations are concluded.

【08:31】【Iran Crisis】IEA reportedly proposes releasing over 180 million barrels of oil reserves; oil prices shift from rising to falling.

【07:45】【AI & Defense】Anthropic reports its AI tools are blacklisted, risking billions in losses.

【07:25】【AI & Oracle】Oracle beats earnings expectations, surges 8% after hours.

【06:26】【Iran Crisis】Iran plans to lay mines in the Strait of Hormuz, with thousands in stock; Trump warns of unprecedented military consequences (ongoing updates).