Iran War: Trump Says US Doing ‘Very Well’, Oil Extends Jump | The Opening Trade 3/5/2026

Trump's confidence in the military campaign may reflect a strategic attempt to reassure both domestic and international audiences amidst rising tensions. The impact on oil prices indicates a significant economic consequence of the conflict, which could have broader implications for global markets, particularly as China seeks to mitigate the effects of supply disruptions. The situation remains fluid, and the long-term effects on both geopolitical stability and energy markets will need close monitoring.