{"id":59467,"date":"2026-03-06T01:38:39","date_gmt":"2026-03-06T05:38:39","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/global-markets-shaken-by-14th-wave-of-tehran-strikes-24-us-states-sue-over-trump-tariffs\/59467\/"},"modified":"2026-03-06T01:38:39","modified_gmt":"2026-03-06T05:38:39","slug":"global-markets-shaken-by-14th-wave-of-tehran-strikes-24-us-states-sue-over-trump-tariffs","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-shaken-by-14th-wave-of-tehran-strikes-24-us-states-sue-over-trump-tariffs\/59467\/","title":{"rendered":"Global Markets Shaken by 14th Wave of Tehran Strikes; 24 US States Sue Over Trump Tariffs"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Israel launched its 14th wave of airstrikes on Tehran<\/strong>, reportedly destroying <strong>80% of Iran\u2019s air defenses<\/strong> and <strong>60% of its missile launchers<\/strong> as the regional conflict escalates.<\/li>\n<li><strong>24 U.S. states filed a major lawsuit<\/strong> against President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>\u2019s <strong>10% global import taxes<\/strong>, alleging the administration is unconstitutionally bypassing a recent Supreme Court setback.<\/li>\n<li><strong>European power prices are experiencing extreme volatility<\/strong> as the ongoing Iran-Israel-US war stokes fears of prolonged energy supply disruptions.<\/li>\n<li><strong>India has banned the export of LPG<\/strong> and directed refiners to prioritize domestic supply, while China engages Iran to secure energy shipments through the <strong>Strait of Hormuz<\/strong>.<\/li>\n<li><strong>UBS (<a href=\"\/stock\/UBS\">UBS<\/a>)<\/strong> struck landmark fee-sharing deals with <strong>Carlyle (<a href=\"\/stock\/CG\">CG<\/a>)<\/strong> and <strong>CVC<\/strong> to sell private equity products to its massive wealth management client base.<\/li>\n<\/ul>\n<h2>Geopolitical Conflict and Security Alarms<\/h2>\n<p>The <strong>Israeli military<\/strong> conducted its <strong>14th wave of strikes on Tehran<\/strong> early Friday, targeting &quot;regime infrastructure&quot; and ballistic missile sites. While the IDF claims significant degradation of Iranian defenses, top generals warned that the threat remains active. In a related escalation, <strong>explosions were heard at the Al Udeid air base in Qatar<\/strong>, the largest U.S. military facility in the region, following reports of intercepted Iranian drones and bombers.<\/p>\n<p>Despite the widening war, the <strong>UAE Central Bank<\/strong> issued a statement via CNBC asserting that the <strong>financial sector remains resilient<\/strong>. The bank noted that capital buffers are sufficient to withstand regional shocks, even as <em>market sentiment remains fragile<\/em>. Meanwhile, a tragic accident occurred in India where an <strong>IAF Su-30 MKI crashed in Assam<\/strong>, resulting in the deaths of two pilots.<\/p>\n<h2>Trade Wars and Legal Challenges<\/h2>\n<p>A coalition of <strong>24 U.S. states<\/strong>, led by New York and California, has sued the <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> administration to block new <strong>10% global tariffs<\/strong>. The lawsuit argues that the administration is using <strong>Section 122 of the Trade Act of 1974<\/strong> as an &quot;illegal end-run&quot; around a <strong>Supreme Court ruling<\/strong> that previously struck down similar emergency duties. <em>Legal experts suggest the outcome will determine the extent of executive power over international trade.<\/em><\/p>\n<p>In the corporate sector, <strong>US investors<\/strong> are reportedly pressuring fund managers to create <strong>specialized funds that exclude Chinese technology<\/strong>. This push for &quot;clean&quot; portfolios reflects growing fears of secondary sanctions and geopolitical decoupling. Concurrently, the <strong>UK government<\/strong> has decided to <strong>delay difficult decisions on AI copyright rules<\/strong>, citing the need for further industry consultation.<\/p>\n<h2>Energy Markets and Strategic Shifts<\/h2>\n<p><strong>European power prices<\/strong> are swinging wildly as the war in the Middle East threatens to choke global energy arteries. To mitigate domestic shortages, the <strong>Indian government<\/strong> has ordered refiners to <strong>sell LPG only within India<\/strong> and reserve propane and butane for domestic cooking fuel rather than petrochemical production. State-owned firms including <strong>IOCL (<a href=\"\/stock\/IOCL\">IOCL<\/a>)<\/strong>, <strong>HPCL (<a href=\"\/stock\/HPCL\">HPCL<\/a>)<\/strong>, and <strong>BPCL (<a href=\"\/stock\/BPCL\">BPCL<\/a>)<\/strong> have been directed to prioritize these supplies.<\/p>\n<p><strong>China<\/strong> is taking a more active diplomatic role, engaging <strong>Iran<\/strong> in talks to ensure the <strong>safe passage of energy shipments<\/strong> through the <strong>Strait of Hormuz<\/strong>. This move comes as <strong>Etihad Airways<\/strong> announced it would resume <strong>limited flight services<\/strong> on March 6 following recent security-related suspensions. In the nuclear sector, a <strong>South Korean delegation<\/strong> is traveling to the U.S. for high-level talks on nuclear energy cooperation.<\/p>\n<h2>Financial Sector and Market Performance<\/h2>\n<p><strong>UBS (<a href=\"\/stock\/UBS\">UBS<\/a>)<\/strong> has signed strategic fee-sharing agreements with private equity giants <strong>Carlyle (<a href=\"\/stock\/CG\">CG<\/a>)<\/strong> and <strong>CVC<\/strong>, according to the Financial Times. These deals allow UBS to offer exclusive private market products to its wealthy clients while taking a cut of the performance fees. Meanwhile, <strong>Lloyds Banking Group (<a href=\"\/stock\/LYG\">LYG<\/a>)<\/strong> is pivoting its strategy to become the <strong>&quot;UK\u2019s biggest fintech&quot;<\/strong> by monetizing customer data and expanding its digital infrastructure.<\/p>\n<p>In equity markets, Australia\u2019s <strong>ASX 200 fell 1% to end at 8,851<\/strong>, weighed down by regional instability and falling commodity prices. Tech stocks saw some positive momentum as <strong>JP Morgan<\/strong> raised its price target for <strong>ASM International (<a href=\"\/stock\/ASMI\">ASMI<\/a>)<\/strong> to <strong>EUR 820 from EUR 800<\/strong>, citing <em>strong demand for advanced semiconductor manufacturing equipment<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Israel launched its 14th wave of airstrikes on Tehran, reportedly destroying 80% of Iran\u2019s air defenses and 60% 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