Anthropic Blacklisted by Pentagon, Oil Surges from Iran Conflict
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Anthropic Blacklisted by Pentagon, Oil Surges from Iran Conflict

Market update for Monday March 2, 2026

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In today’s episode:

  • Oil surges 8% after U.S.–Iran conflict escalates and shipping through the Strait of Hormuz faces disruption

  • Anthropic blacklisted by the Pentagon after refusing expanded AI use in military operations

  • OpenAI raises a record $110 billion at a $730B valuation backed by Amazon, Nvidia, and SoftBank

  • Defense stocks soar

  • Berkshire Hathaway falls

  • Fun Fact: Red Bull sells 14 billion cans and still dominates the energy drink market

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