S&P 500 EMINIS FALL 0.5%, NASDAQ FUTURES DOWN 0.6%
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IRAN’S AMBASSADOR TO CHINA: PASSAGE THROUGH THE STRAIT OF HORMUZ WILL BE CONTROLLED, BUT THE STRAIT WILL NOT BE CLOSED
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HEDGE FUNDS STUNG BY WAR-DRIVEN MARKET SWINGS

Several major hedge funds known for steady returns suffered losses last week as the war with Iran triggered sharp market volatility.

Millennium Management lost about $1.5 billion, or 1.7% of assets, in the week through March 6,
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STOPPING THE WAR IS THE ONLY SOLUTION TO REOPEN HORMUZ FOR OIL AND GAS EXPORTS - TOP GULF ENERGY INDUSTRY OFFICIAL
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IRAN BEGINS NEW WAVE OF MISSILE STRIKES ON NORTHERN ISRAEL: TV
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*IRAN'S IRIB: EXPLOSION OF AN OIL TANKER NEAR ABU DHABI
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HSBC RAISES AVERAGE 2026 BRENT PRICE FORECAST TO $80/BBL
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U.S. DEFENSE SECRETARY HEGSETH: IRAN STANDS ALONE AND IS BADLY LOSING
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HEGSETH: TODAY WILL BE MOST INTENSE DAY OF STRIKES
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UAE RUWAIS REFINERY STOPPED AS PRECAUTION AFTER DRONE ATTACK
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*US WON’T END IRAN WAR UNTIL ENEMY IS DEFEATED: HEGSETH
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OIL DEMAND DESTRUCTION ABOVE $155/BBL

Oil demand would likely only fall if prices surge to around $155 per barrel, according to AllianceBernstein analyst Irene Himona. That level would match the 5.2% oil burden last seen in 2007, when high prices began to curb consumption.

The
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US STOCK INDEX FUTURES EXTEND DECLINES; S&P 500 DOWN 0.3%
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AMAZON TARGETS $25B-$30B IN DOLLAR BONDS, E10B IN EURO OFFERING
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GERMAN CHANCELLOR MERZ: CONCERNED THAT THERE IS NO COMMON PLAN TO END WAR AGAIN IRAN
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ADNOC'S RUWAIS REFINERY HAS BEEN SHUT AS A PRECAUTIONARY MEASURE - SOURCE
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TOP U.S. GENERAL: LOOKING AT RANGE OF OPTIONS IF TASKED WITH ESCORTING SHIPS THROUGH STRAIT OF HORMUZ
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HEGSETH: IF IRAN DOES ANYTHING TO STOP FLOW OF OIL WITHIN STRAIT OF HORMUZ, THEY WILL BE HIT HARDER THAN EVER
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HEGSETH: TRUMP TAKES CONDITION OF STRAIT OF HORMUZ VERY SERIOUSLY
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SPAIN'S FM ALBARES:GROUND INVASION OF LEBANON BY ISRAEL WOULD BE "TREMENDOUS MISTAKE"
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🚨 IRAN'S SECURITY CHIEF LARIJANI: STRAIT OF HORMUZ WILL EITHER BE A STRAIT OF PEACE AND PROSPERITY FOR ALL OR WILL BE A STRAIT OF DEFEAT AND SUFFERING FOR 'WARMONGERS'
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