Mar 03, 2026

Stocks Fall and Oil Prices Surge on Warning of Extended War
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March 3, 2026, 12:27 p.m. ET5m ago
U.S. Closes 2 Gulf Embassies; Israel Seizes Sites in Lebanon
- U.S. and Israel strike Iran security agencies that helped crush protests.
- U.S. closes embassies in Saudi Arabia and Kuwait and tells nonessential staff in other countries to leave.
- Israel claims more areas in southern Lebanon as the fight with Hezbollah escalates.

Analysis
Iran’s Strategy: Expand the War, Increase the Cost, Outlast Trump
Iran is aiming to draw out the conflict and broaden the fighting. That would force President Trump to risk more casualties and more political capital.