Thursday, March 5, 2026
Nasdaq up 1.3%, crypto-tied stocks soar, oil stabilizes as Trump pledges Navy escorts through the Strait of Hormuz
U.S. markets rebound sharply — Nasdaq up 1.3%, Bitcoin surges 8% to $72,800, oil stabilizes as Trump pledges Navy escorts through the Strait of Hormuz. Defense stocks show mixed signals.
Spain publicly refuses U.S. base access for Iran operations, Trump threatens trade retaliation, and the White House claims cooperation that Madrid immediately denies — exposing a deepening NATO fracture.
The fifth day of the U.S.-Israeli campaign against Iran brings a submarine strike, NATO missile intercepts, an Israeli ground invasion of Lebanon, and a succession crisis in Tehran — with no diplomatic off-ramp in sight.