Iran conflict and leadership
Reports said Iran could still access buried uranium at Isfahan and named Mojtaba Khamenei as the country's new leader, while Trump said the new leader would need his approval to remain in power.
Mar 8, 2026 · QQQ/SPY Market Review · 14 headlines
U.S. markets were closed for the weekend, leaving QQQ and SPY unchanged from Friday's close. Iran remained central as reports covered buried uranium access, Mojtaba Khamenei's appointment as leader and Trump's stance on the conflict. Nearly closed shipping lanes, full storage tanks, idle tankers and producer cuts accompanied oil above $110 per barrel. Later releases showed China's consumer prices down 0.9% from a year earlier and producer prices up 1.3%, while Nvidia expanded OpenAI capacity on AWS alongside a confirmed $30 billion investment.
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Reports said Iran could still access buried uranium at Isfahan and named Mojtaba Khamenei as the country's new leader, while Trump said the new leader would need his approval to remain in power.
Reports described nearly closed shipping lanes, full storage tanks, idle tankers and producer cuts as oil rose above $110 per barrel. Middle East flight cancellations exceeded 23,000 and airline losses approached $1 billion.
China's February consumer prices fell 0.9% from a year earlier versus a 1.1% expected decline, while producer prices rose 1.3% versus a 0.9% estimate and 0.2% previously.
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