BlockBeats news: On February 28, the conflict between the U.S. and Iran fully erupted today. Next week, geopolitical tensions between the U.S. and Iran will remain highly uncertain, causing global markets to fluctuate amid intertwined uncertainty and risk-averse sentiment.
Analysts note that Iran’s retaliatory measures, beyond direct missile salvos, could include mining the Strait of Hormuz—a critical chokepoint for global oil trade that accounted for 30% of global seaborne oil shipments last year. However, analysts believe that, given the economic impact on major oil-importing nations, Iran may prefer to direct proxies such as the Houthi rebels or Iraqi Shia militias to carry out precise strikes against regional energy infrastructure or U.S. diplomatic facilities.
In addition to geopolitical developments, the key macroeconomic events next week are:
Monday, 22:45: Final Q2 U.S. S&P Global Manufacturing PMI; Monday, 23:00: U.S. ISM Manufacturing PMI for February.
On Tuesday at 22:55, William, a permanent FOMC voter and President of the New York Fed, delivered a speech.
Wednesday, 00:55: 2026 FOMC voter and President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, delivers a speech; Thursday, 03:00: The Federal Reserve releases the Beige Book on economic conditions; Wednesday, 21:15: U.S. ADP employment data for February; Wednesday, 22:45: Final U.S. S&P Global Services PMI for February; Wednesday, 23:00: U.S. ISM Non-Manufacturing PMI for February.
Thursday, 20:30: U.S. Challenger Job Cuts for February; Thursday, 21:30: U.S. Initial Jobless Claims for the week ending February 28, U.S. Import Price Index for January (MoM); Thursday, 23:00: U.S. Global Supply Chain Pressure Index for February.
Friday, 21:30: U.S. February unemployment rate, U.S. February non-farm payrolls (seasonally adjusted), U.S. January retail sales monthly rate.