WTI oil eyes key resistance at 79 as energy markets seized by panic.Oil prices surged again today, breaking through yesterday's spike with aggressive upward acceleration. Markets are entering a state of panic following explicit threats from Iranian officials to “set fire” to any vessel attempting to navigate the Strait of Hormuz.

Oil News: Crude Oil Futures Climb as Energy Infrastructure Attacks Threaten Supply.Crude oil futures surge as war fears and infrastructure attacks threaten supply. Traders price Strait of Hormuz risks and production shutdowns.

Stablecoin use could weaken ECB's hand, hamper lenders, ECB paper finds.The spread of stablecoins in the euro zone could weaken the effectiveness of monetary policy, siphon deposits away from banks and reduce lending ​to the real economy, a study published by the European Central ‌Bank showed on Tuesday.

BoE: March cut still likely as MPC eyes domestic data – TD Securities.BoE: March cut still likely as MPC eyes domestic data – TD Securities

Euro area: Energy risks reshape ECB outlook – Nordea.Euro area: Energy risks reshape ECB outlook – Nordea

Inflation fears reemerge as markets digest higher energy prices from US-Iran conflict.The reaction in the bond market to the US-Iran conflict is something that should warrant more attention. While traders are focused on the risk side of things and safety flows, it'd be easy to miss that Treasury yields have actually gone up since the end of last week.

ECB's Stournaras: The central bank should be flexible given Iran.ECB's Stournaras: The central bank should be flexible given Iran

Natural Gas Prices Rise Amid Middle East Conflict.The recent strike by Israel and the US, along with Iran's retaliatory actions, has pushed energy asset prices higher. Yesterday, we reported on a bullish gap in oil markets, and while US natural gas prices have not surged as sharply, they are also on the rise.

Eurozone CPI reaccelerates to 1.9% in Feb, as core and services pick up.Eurozone CPI accelerated from 1.7% year-on-year in January to 1.9% in February, exceeding expectations of 1.7%. Core CPI, which excludes energy, food, alcohol and tobacco, also firmed from 2.2% to 2.4%, above expectation of 2.2%, pointing to renewed underlying price pressures.

Crude Oil –03.03.2026.  Oil opened with a gap after U.S. and Israel's treacherous attack on Iran while the Iranian Revolutionary Guard announced the closing of Hormuz. Such disruptions could cause more spikes on Oil prices which could lead for a further advance.

USD/JPY –03.03.2026.  The pair retreated last week and managed to close from the first support at 152.00. The uptrend wave is still ongoing towards 160.20, as long as the market remains above 150.70-90.

Italy February preliminary CPI +1.6% vs +1.1% y/y expected.Prior +1.0% HICP +1.6% vs +1.1% y/y expected Prior +1.0% Slight delay in the release by the source. More to come.

Spain 12-Month Letras Auction climbed from previous 2.028% to 2.121%.Spain 12-Month Letras Auction climbed from previous 2.028% to 2.121%

ECB should be flexible as Iran conflict muddies outlook, Stournaras says.The European Central Bank should keep its options open in setting interest rates as the fallout from the Iran conflict, including ​a possible rise in inflation, will depend on how long ‌it lasts, ECB policymaker Yannis Stournaras said on Tuesday.

Oil prices surge higher, looks to eclipse the opening gap up from yesterday.There was a bit of profit-taking at the onset yesterday but given time to digest the Middle East situation, we're starting to see oil prices surge higher again today. The jump on the day now sees prices move back up to contest the highs from the opening gap higher yesterday.

DXY: Energy shock keeps greenback supported – ING.DXY: Energy shock keeps greenback supported – ING

GBP: March BoE cut now finely balanced – Nomura.GBP: March BoE cut now finely balanced – Nomura

ECB's Villeroy: French economic exposure is limited to Middle East war.ECB's Villeroy: French economic exposure is limited to Middle East war

Japanese Yen flat lines vs. rallying USD; bearish bias remains amid BoJ rate hike delay.Japanese Yen flat lines vs. rallying USD; bearish bias remains amid BoJ rate hike delay

Dollar Index (DXY) Climbs to a One-and-a-Half-Month High.Today, the US Dollar Index rose above the 98.70 level for the first time since the third week of January. Monday's trading opened with a bullish gap, and upward momentum continues to build as news emerges of a major escalation in the Middle East:

EUR: Inflation momentum watched as energy shocks build – Danske Bank.EUR: Inflation momentum watched as energy shocks build – Danske Bank

Distorted Gas Supply is European Economy's Achilles' Heel.It still are the same central banks, but with a different reaction function. A low inflation environment enabled them to conduct demand-stimulating policies from the great financial crisis up until the Covid-19 pandemic to counter any significant (potential) hit to growth.

Fed: Three cuts still expected – BNY.Fed: Three cuts still expected – BNY

ECB's Lane warns Middle East war could spike inflation, hit growth.ECB Chief Economist Philip Lane warned that a prolonged conflict in the Middle East could significantly raise inflation in the Eurozone while undermining economic growth.

AUD/JPY Price Forecast: Steadies near 111.50, bullish bias remains intact above key EMA.AUD/JPY Price Forecast: Steadies near 111.50, bullish bias remains intact above key EMA

EURJPY Elliott Wave: Corrective Pullback Confirms Bullish Trend.The short-term Elliott Wave structure in EURJPY continues to indicate a bullish trend. Examination of the 45‑minute chart reveals that the pullback from the wave ((iii)) high unfolded in three distinct waves.

Dollar gets its mojo back - but only by default.While it's tempting to assume the dollar's long-lost "safety" bid has returned since the weekend Iran attacks, it's not as clear-cut as it seems and owes more to relative energy plays. Yet the implications of the market response may be just as powerful.

Natural Gas and Oil Forecast: Strait of Hormuz Squeeze – Is $100 Oil Next?.Strait of Hormuz tensions put 20% of global oil at risk as tanker traffic slows. Discover why WTI and Brent risk premiums are reshaping the 2026 energy forecast.

USD: Safe-haven flows return with war risks – Rabobank.USD: Safe-haven flows return with war risks – Rabobank

Iran conflict raises odds BOJ will forgo rate hike in March, sources say.Fresh market volatility triggered by the Middle East conflict has heightened the chance the Bank ​of Japan will hold off on raising rates in March, sources said, as policymakers need more time to gauge the impact on the economy.