10 March 2026

Global markets experienced significant volatility amid escalating tensions between the US and Iran, with oil prices initially spiking to $120 per barrel before retreating as President Trump suggested the conflict could end “very soon.” Meanwhile, the tech sector saw notable developments in AI regulation and electric aviation testing.

News

• Iran conflict escalates with civilian casualties: US Tomahawk missile strikes on Iranian military bases killed 168 people according to Iranian authorities, with one strike hitting a base near a primary school. Iran’s new Supreme Leader Mojtaba Khamenei faces his first major crisis, while five Iranian footballers received Australian visas after protesting by refusing to salute during the national anthem
• Tech sector navigates AI regulation challenges: The federal government selected eight proposals to test electric aircraft across 26 states, while over 30 OpenAI and Google DeepMind employees signed a statement supporting Anthropic’s lawsuit against the Defense Department after being labeled a supply-chain risk
• AI code management tools emerge: Anthropic launched automated code review systems to help enterprises manage the growing volume of AI-generated code, addressing quality concerns as AI coding becomes mainstream across development teams
• UK prepares military response: HMS Dragon will deploy to Cyprus within days as Britain responds to regional escalation, while the government faces criticism over slow response times to recent drone attacks in the region

Markets

Oil experienced dramatic swings, surging to four-year highs near \(120 before retreating to \)88.69 (-6.4%) as Trump’s conflict resolution comments eased supply concerns. Cryptocurrencies gained strongly with Bitcoin up 3.5% to $68,661 and Ethereum rising 2.8%, benefiting from safe-haven demand. Precious metals also advanced, with gold up 1.0% and silver jumping 3.7% as investors sought defensive assets.

Videos

BBC News provided detailed video analysis of the Iranian missile strikes and examined oil price implications for inflation. CNBC featured Trump’s press conference addressing the conflict and discussions on energy markets, healthcare sector opportunities, and off-grid power solutions for major tech companies.

Reminder

Name of Allah: Al Baatin - الْبَاطِنُ - The Hidden

Al Baatin signifies the hidden and unseen nature of Allah, reflecting the belief that while Allah is manifest in creation, His true essence remains concealed from human sight and understanding. This name reminds believers of the limitations of human knowledge and the depth of God’s presence in the universe.

Verse: Az-Zumar - The Troops - 39:51

So the evil ˹consequences˺ of their deeds overtook them. And the wrongdoers among these ˹pagans˺ will be overtaken by the evil ˹consequences˺ of their deeds. And they will have no escape.

Hadith: Ablutions (Wudu’) - Narrated `Ubaid Ibn Juraij:

I asked Abdullah binUmar about four practices I observed him doing differently from other companions. He explained that he followed the Prophet’s (ﷺ) example in touching only the southern corners of the Ka’ba, wearing tanned leather shoes that allowed for proper ablution, dyeing his hair with henna as the Prophet did, and beginning Ihram on the 8th of Dhul-Hijja rather than at the new moon, as this was the Prophet’s practice when setting out for Hajj.

References

1. Electric air taxis are about to take flight in 26 states
2. OpenAI and Google employees rush to Anthropic’s defense in DOD lawsuit
3. Anthropic launches code review tool to check flood of AI-generated code
4. US missile hit military base near Iran school, video analysis shows
5. Iran’s new leader has never been tested. He now faces an existential battle
6. Five Iranian footballers granted Australian visas after anthem protest
7. How the war in Iran and trader positioning could be behind the surge in Circle’s stock
8. Crypto and stocks add to gains as Trump says Iran war could be over soon
9. Bitcoin could be the big winner if the U.S.-Iran conflict drags on for months
10. Definition of anti-Muslim hate will not harm free speech, says Steve Reed
11. Labour lawyers ‘blocked’ from briefing MPs on jury trials overhaul before vote
12. HMS Dragon will head to Cyprus in next couple of days, says defence secretary
13. Where do the 35 million foreigners living in the GCC come from?
14. US blacklists Sudanese Muslim Brotherhood as ‘terrorist’ group
15. World reacts to appointment of Mojtaba Khamenei as Iran’s supreme leader
16. Building a Procedural Hex Map with Wave Function Collapse
17. JSLinux Now Supports x86_64
18. Is legal the same as legitimate: AI reimplementation and the erosion of copyleft
19. Trump says Iran war will end ‘very soon,’ predicts lower oil prices
20. Oil tankers transiting Strait of Hormuz ‘must be very careful,’ Iran Foreign Ministry warns
21. Oil prices decline after nearly hitting $120 as Trump says U.S. considering taking over Strait of Hormuz
22. The Troops 39:51
23. Ablutions (Wudu’) -
24. Al Baatin - الْبَاطِنُ - The Hidden
25. US missile hit military base near Iran school, video analysis shows. #Iran #BBCNews
26. Why has the price of oil hit a four year high and what does it mean for inflation? | BBC Newscast
27. President Trump holds a news conference in Miami — 3/9/2026
28. Hyperscalers will increasingly get their power off-grid, says Morgan Stanley’s Stephen Byrd
29. Health care and industrials are the sectors to put money to work: Crossmark’s Victoria Fernandez