Iran's "strategy to create economic chaos in the Persian Gulf seems to be working," analyst says

Oil - $100, major U.S. indices lose 1% after Iran's new head of state speaks

Iran's new supreme leader Mojtaba Khamenei said the Strait of Hormuz should remain closed as "an instrument of pressure on the enemy," he said in a televised address <a href="https://www.reuters.com/world/iran-war-live-six-tankers-attacked-gulf-strait-hormuz-2026-03-12/">translated by</a> Reuters.

Strait of Hormuz must remain closed: Iran's new head - in first statement

CF Industries Holdings, Inc.

How a nitrogen fertilizer shortage propelled low-profile player CF Industries Holdings to the top of the U.S. broad market

The best performing stock in the S&amp;P 500 is up 20% since the war began. It's not tied to the oil market

The U.S. Navy is not yet ready to escort oil tankers through the Strait of Hormuz, strategically important for global supplies, the country's Energy Secretary Chris Wright <a href="https://www.cnbc.com/2026/03/12/energy-secretary-wright-says-us-not-ready-to-escort-tankers-through-strait-of-hormuz-yet.html">said</a> in an interview with CNBC. Such a possibility was not previously ruled out by President Donald Trump. But according to the head of the Energy Ministry, it is likely to appear only by the end of the month.

US not yet ready to escort tankers through the Strait of Hormuz - Energy Ministry

CarMax, Inc.

Carvana Co.

Activist investor Starboard Value has <a href="https://www.bloomberg.com/news/articles/2026-03-11/activist-starboard-is-said-to-build-350-million-stake-in-carmax">acquired</a>&nbsp;about $350 million worth of shares in CarMax, a mid-cap retailer of used cars. With the arrival of a new chief executive, the company faces a “timely opportunity to address fixable execution gaps and unlock CarMax’s full value potential,” the activist said.

'A big opportunity': Activist Starboard takes stake in used car retailer CarMax

GLOBALFOUNDRIES Inc.

HighPeak Energy, Inc.

Netskope, Inc.

UiPath, Inc.

Bumble Inc.

Petco Health and Wellness Company, Inc.

Oracle Corporation

Papa John's International, Inc.

Nebius Group N.V.

NVIDIA Corporation

UniFirst Corporation

Cintas Corporation

Sprinklr, Inc.

The Campbell's Company

Daily review and forecast of events on the U.S. stock market from Mikhail Denislamov, Deputy Director of Freedom Capital Markets Research.

Morning in New York: foreign and trade policies form a negative background

The war with Iran has caused unprecedented turmoil in the global oil market, affecting 7.5% of the global oil supply and an even larger share of export supplies, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-03-12/iran-war-is-causing-biggest-ever-oil-market-disruption-iea-says?srnd=homepage-europe">writes</a>, citing a <a href="https://www.iea.org/data-and-statistics/data-product/oil-market-report-omr">report by</a> the International Energy Agency (IEA).

"Major oil market disruption": IEA cuts global demand growth forecast by 25%

The Goldman Sachs Group, Inc.

Citigroup Inc.

Iran has stepped up strikes on Dubai, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-03-12/iran-escalates-attacks-on-shipping-and-dubai-sending-oil-higher?embedded-checkout=true">reports </a>. On Thursday morning, the emirate's authorities reported incidents with drones: in one case, debris fell on the facade of a building, in another - a drone struck the territory of a new high-rise residential complex.

Iran has stepped up attacks on Dubai. Goldman Sachs and Citi urged employees to leave their offices

PayPay Corporation

The company listed on the Nasdaq exchange at a price below its stated range amid market turbulence over the Iran war

PayPay IPO: SoftBank's digital finance app shares become available

Retail speculators have driven volatility in the oil market to a six-year high

Has oil become a "meme stock"? Private investors have broken pricing in the crude market

Netflix, Inc.

Seagate Technology Holdings plc

Futures on U.S. stock indices and shares of the Asia-Pacific region collapsed amid a rally in oil prices The cost of Mark Brent at one point exceeded $100 per barrel. Donald Trump's administration has launched trade investigations against China, the EU and more than a dozen other economies, preparing the legal basis for new duties. Netflix is going to buy Ben Affleck's AI company, Bloomberg sources have learned. About these and other topics - in our review of key events for the morning of March 12.

Airo Group