{"id":59293,"date":"2026-03-01T22:38:18","date_gmt":"2026-03-02T02:38:18","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/global-markets-shaken-as-us-israeli-strikes-on-iran-intensify-oil-surges-and-tech-stocks-plunge\/59293\/"},"modified":"2026-03-01T22:38:18","modified_gmt":"2026-03-02T02:38:18","slug":"global-markets-shaken-as-us-israeli-strikes-on-iran-intensify-oil-surges-and-tech-stocks-plunge","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-shaken-as-us-israeli-strikes-on-iran-intensify-oil-surges-and-tech-stocks-plunge\/59293\/","title":{"rendered":"Global Markets Shaken as US-Israeli Strikes on Iran Intensify; Oil Surges and Tech Stocks Plunge"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>US and Israeli forces have launched a series of &quot;decisive&quot; airstrikes against Iran<\/strong>, targeting Tehran and Karaj, with the US President vowing to continue operations until all strategic aims are met.<\/li>\n<li><strong>Global energy markets are reacting sharply to the escalation<\/strong>, with oil prices surging and Japan reporting a plunge in domestic equities as regional instability threatens supply lines.<\/li>\n<li><strong>Major tech stocks in Hong Kong faced a significant sell-off<\/strong>, led by an 8% drop in SenseTime (<a href=\"\/stock\/0020.HK\">0020.HK<\/a>) and declines of over 4% for Alibaba (<a href=\"\/stock\/BABA\">BABA<\/a>) and Baidu (<a href=\"\/stock\/BIDU\">BIDU<\/a>).<\/li>\n<li><strong>Supply chain disruptions are spreading across Asia<\/strong>, with India warning of <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> and diamond shortages and South Korea releasing 150,000 tons of rice reserves to combat price volatility.<\/li>\n<li><strong>Bitcoin (<a href=\"\/stock\/BTC\">BTC<\/a>) is trading at $66,199.39<\/strong> as investors weigh the impact of the conflict on digital assets and broader risk-on sentiment.<\/li>\n<\/ul>\n<h2>US and Israel Launch Sustained Military Campaign<\/h2>\n<p>The United States and Israel have initiated a major military offensive against Iranian targets, with powerful explosions reported in <strong>Tehran<\/strong> and <strong>Karaj<\/strong>. According to the <strong>U.S. Department of Defense<\/strong>, the strikes are being conducted by fighter planes from the <strong>USS Abraham Lincoln<\/strong> in the Arabian Sea to neutralize immediate threats.<\/p>\n<p><strong>U.S. Defense Secretary Pete Hegseth<\/strong> is scheduled to hold a press briefing at 8 a.m. Eastern Time to provide further details on the ongoing operations. The White House confirmed that these strikes, which were reportedly delayed by one week from an original February 21 target, will persist until Washington avenges the deaths of three American soldiers.<\/p>\n<h2>Market Turmoil Hits Asian Equities and Tech<\/h2>\n<p>Financial markets across Asia have entered a period of high volatility as the conflict escalates. In Hong Kong, tech giants faced heavy losses; SenseTime (<a href=\"\/stock\/0020.HK\">0020.HK<\/a>) plummeted <strong>8%<\/strong>, while Alibaba (<a href=\"\/stock\/BABA\">BABA<\/a>), Baidu (<a href=\"\/stock\/BIDU\">BIDU<\/a>), and Kuaishou (<a href=\"\/stock\/1024.HK\">1024.HK<\/a>) all fell by more than <strong>4%<\/strong>.<\/p>\n<p>Regional indices are showing widespread stress, with <strong>Philippine shares sliding 2.8%<\/strong> to their lowest levels since mid-February. <em>Analysts suggest that the &quot;risk-off&quot; sentiment is being driven by fears of a prolonged regional war that could disrupt global trade and energy flows.<\/em><\/p>\n<h2>Energy and Commodity Supply Alarms<\/h2>\n<p>Oil prices have surged in response to the strikes, complicating efforts by <strong>Japanese Prime Minister Takaichi<\/strong> to manage the cost of living. Despite the price spike, <strong>Chief Cabinet Secretary Kihara<\/strong> stated that Japan has no immediate plans to release its oil stockpiles.<\/p>\n<p>In India, the jewelry industry is bracing for a <strong>gold and diamond shortage<\/strong> as trade routes and supply chains from the Middle East face disruption. Meanwhile, <strong>South Korea<\/strong> has taken the preemptive step of releasing <strong>150,000 tons of rice<\/strong> from state reserves to stabilize domestic food prices amid the global uncertainty.<\/p>\n<h2>Humanitarian and Diplomatic Developments<\/h2>\n<p>The military escalation has triggered a humanitarian crisis in the Levant, with the Israeli military ordering the evacuation of nearly <strong>50 villages in Lebanon<\/strong>. In response to the strikes, thousands have rallied in <strong>Yemen\u2019s capital<\/strong> to voice support for Iran, signaling a potential widening of regional unrest.<\/p>\n<p>Despite the ongoing violence, the <em>Wall Street Journal<\/em> reports that Iran has made fresh efforts to restart talks with the United States. However, the <strong>U.S. Army<\/strong> has indicated it has no current plans to scale back its military operations until its objectives are fully achieved.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways US and Israeli forces have launched a series of &quot;decisive&quot; airstrikes against Iran, targeting Tehran and Karaj, with 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