【Fiona's Daily Report Channel】2026-03-05 (Thursday) ━━ Macro News ━━ 📌 Comment: Risk appetite swings between "war inflation" and "easing signals", with the market more sensitive to interest rate paths. 1️⃣🌟 The dollar retreats, yields rise, gold and silver rebound. 2️⃣🌟 Oil prices hit a more than one-year high for the second consecutive day: WTI closes at 76.16 (+1.67%); Brent closes at 82.51 (+0.75%). 3️⃣ US stocks rebound: Dow +0.49%, S&P +0.78%, Nasdaq +1.29% (notable rebound in semiconductors). ━━ Iran War ━━ 📌 Comment: The core of trading is "how long the supply disruption lasts", which determines oil prices → inflation expectations → interest rates → second-order impacts on the stock market. 1️⃣🌟 Direct drivers for further oil price increases: conflict spillover + ongoing disruptions in the Strait of Hormuz; Reuters reports: Brent at 83.07 (+2.05%), WTI at 76.60 (+2.60%), mentioning Iraq's production cuts due to export blockages and Qatar's force majeure on gas shipments. 2️⃣ The US Secretary of Defense states that the conflict may last 8 weeks or longer; Iran denies "secret negotiations"; the Senate fails to prevent continued military action, etc. 3️⃣ The Iran war raises inflationary pressures, with some emerging markets' inflation outlooks being revised upward (unfriendly to globally sensitive assets). 4️⃣ Risks to shipping/energy facilities escalate: Qatar halts LNG liquefaction, Saudi exports rerouted, refineries attacked again, etc. ━━ AI News ━━ 1️⃣ Seedance 2.0 video generation pricing—1 second of generated video costs 1 yuan (commercial pricing signal). ━━ Robotics News ━━ "Military/Unmanned" will boost sentiment in the robotics supply chain. ━━ Industry News ━━ 📌 Comment: The hardest sectors today are "energy + shipping + key raw materials", along with repricing of tariffs/trade lines. 1️⃣🌟 Bahrain Aluminum announces force majeure, London aluminum hits a new high since 2022 (supply-side disruptions directly benefit aluminum price elasticity). 2️⃣ Bessent confirms tariff increase timeline: as early as this week. 3️⃣ The Middle East situation triggers a three-day decline in the lithium market: concerns over the Strait of Hormuz and shipping disruptions suppress risk assets and some cyclical goods. ━━ Crypto News ━━ 1️⃣ BTC 72,432 (intraday high 73,984 / low 67,501); ETH 2,118.82 (high 2,194.68 / low 1,947.76).