{"id":59320,"date":"2026-03-02T13:38:17","date_gmt":"2026-03-02T17:38:17","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/trump-vows-unyielding-resolve-as-us-strikes-iran-markets-rebound-despite-oil-supply-fears\/59320\/"},"modified":"2026-03-02T13:38:17","modified_gmt":"2026-03-02T17:38:17","slug":"trump-vows-unyielding-resolve-as-us-strikes-iran-markets-rebound-despite-oil-supply-fears","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-vows-unyielding-resolve-as-us-strikes-iran-markets-rebound-despite-oil-supply-fears\/59320\/","title":{"rendered":"Trump Vows &#8216;Unyielding Resolve&#8217; as US Strikes Iran; Markets Rebound Despite Oil Supply Fears"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> confirmed large-scale military operations<\/strong> against Iran, utilizing <strong>B-1 bombers<\/strong> to strike ballistic missile sites and naval assets with a projected timeline of <strong>4 to 5 weeks<\/strong>.<\/li>\n<li><strong>Treasury Secretary Janet Yellen<\/strong> warned that sustained high oil prices will be <strong>inflationary and hurt growth<\/strong>, stating the situation puts the <strong>Federal Reserve &quot;even more on hold&quot;<\/strong> regarding interest rate cuts.<\/li>\n<li><strong>Fitch Ratings<\/strong> has moved to assume the <strong>Strait of Hormuz will be effectively closed<\/strong> for the duration of the conflict, though it expects the impact on global growth to be temporary.<\/li>\n<li><strong>Equity markets staged a mid-day reversal<\/strong>, with the <strong>Nasdaq<\/strong> turning positive (+0.4%) after being down as much as <strong>1.5%<\/strong> earlier in the session.<\/li>\n<li><strong>Commodities saw high volatility<\/strong>, with <strong>Spot <a href=\"https:\/\/stockmarketwatch.com\/metal\/silver-price.aspx\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">Silver<\/a> plunging 7% to $86.45\/oz<\/strong>, while Russia&#39;s <strong>Novorossiysk port<\/strong> halted oil loadings following overnight drone attacks.<\/li>\n<\/ul>\n<h2>Trump Outlines Military Objectives in Iran<\/h2>\n<p>President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> addressed the nation on Monday, confirming that the U.S. military has commenced large-scale operations deep inside Iran. The mission, supported by <strong>U.S. Central Command (CENTCOM)<\/strong>, utilized <strong>B-1 bombers<\/strong> to degrade Iranian ballistic missile capabilities and prevent the regime from obtaining a nuclear weapon.<\/p>\n<p>Trump stated that the U.S. is <strong>&quot;substantially ahead of schedule&quot;<\/strong> in terminating Iranian military leaders and destroying the regime&#39;s navy. While the administration originally projected a <strong>4 to 5-week timeline<\/strong>, the President emphasized that the U.S. will do <strong>&quot;whatever it takes&quot;<\/strong> and possesses the capability to sustain operations for much longer to ensure the threat is crushed.<\/p>\n<h2>Yellen Warns of Inflationary &quot;Oil Shock&quot;<\/h2>\n<p>Treasury Secretary Janet Yellen signaled that the conflict has complicated the Federal Reserve&#39;s path toward normalizing interest rates. Yellen noted that if oil prices remain elevated or rise further, it will create significant <strong>inflationary pressure<\/strong> and dampen global economic expansion.<\/p>\n<p>The Secretary&#39;s comments suggest a &quot;higher for longer&quot; stance on interest rates, as she noted the Iran situation puts the <strong>Fed &quot;even more on hold.&quot;<\/strong> This sentiment was echoed by <strong>Goldman Sachs<\/strong>, which reported that the &quot;prices paid&quot; component of recent economic data has reached its <strong>highest level since 2022<\/strong>.<\/p>\n<h2>Energy Supply Chains and Global Reactions<\/h2>\n<p>The energy sector is facing immediate disruptions as <strong>Fitch Ratings<\/strong> assumes a total closure of the <strong>Strait of Hormuz<\/strong>. Additionally, sources reported that Russia\u2019s <strong>Black Sea port of Novorossiysk<\/strong> stopped oil loadings following overnight drone attacks, further tightening global supply.<\/p>\n<p><strong>NATO Secretary General Mark Rutte<\/strong> clarified that while the alliance has <strong>&quot;absolutely no plans&quot;<\/strong> to become directly involved in the conflict, he praised the U.S. and Israeli military actions as &quot;really important.&quot; Meanwhile, <strong>Iran State TV<\/strong> denied reports of any attacks carried out against <strong>Saudi Aramco<\/strong> facilities.<\/p>\n<h2>Market Volatility and Corporate Developments<\/h2>\n<p>Despite the geopolitical tension, the <strong>Nasdaq 100<\/strong> managed to erase a <strong>1.5% deficit<\/strong> to trade up <strong>0.4%<\/strong> by late afternoon. However, precious metals faced a sharp sell-off, with <strong>Spot Silver<\/strong> dropping <strong>7%<\/strong> to find support near <strong>$86.45<\/strong>.<\/p>\n<p>In corporate news, <strong>Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>)<\/strong> saw new car registrations in Italy fall <strong>6.9% year-on-year<\/strong> for February. Conversely, the AI sector remains a bright spot for investors, as the <strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> backed startup <strong>Reflection AI<\/strong> is reportedly seeking new funding at a valuation exceeding <strong>$20 billion<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump confirmed large-scale military operations against Iran, utilizing B-1 bombers to strike ballistic missile sites and naval 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