Treasury Secretary Scott Bessent said Iranians are fighting on two fronts while warning when the nation will endure its next intense military operation from U.S. forces on “Kudlow” Friday.

“Tonight will be our biggest bombing campaign, and we’ll do the most damage to the Iranian missile launchers, the factories that build the missiles, and we are substantially degrading them,” Bessent told FOX Business host Larry Kudlow Friday.

After failing on the military front after what Bessent described as the United States’ “overwhelming” strike campaign, Iran has been forced to play another card, the economy.

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Smoke rises over the city center after the Israeli army launched a second wave of airstrikes on Iran Feb. 28, 2026. (Fatemeh Bahrami/Anadolu via Getty Images / Getty Images)

“Having not been able to succeed there [militarily], they’re trying to create economic chaos, and I don’t think they’re going to be able to do it,” he added.

This comes as the Trump administration bolsters insurance for U.S. vessels traveling through the Strait of Hormuz, a vital oil transit choke point primarily controlled by Iran.

About 20% of the world’s crude oil and natural gas passes through the critical waterway, and Bessent said its closure could roil energy markets.

“When the conflict began, [insurers] dropped all the insurance for any vessels going in and out of the Strait of Hormuz or generally around the Gulf,” Bessent explained.

In an effort to restore confidence in maritime trade during the conflict in Iran, the International Development Finance Corporation (DFC) announced Wednesday it will provide up to $20 billion in insurance to vessels traveling through the strait.

A navy vessel sails in the Strait of Hormuz, a vital waterway through which much of the world’s oil and gas passes, March 1, 2026.  (Sahar Al Attar/AFP via Getty Images / Getty Images)

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“What this program will do is give shippers insurance, whether they are hauling oil, products, fertilizer,” Bessent shared.

Iran asserts that the Strait of Hormuz is open but says it will not allow ships through that are linked to Israeli or U.S. interests, the Treasury secretary explained.

Bessent went on to discuss whether U.S. vessels will need protection when crossing through the Iranian-controlled waterway as tensions intensify between the nations.

Oil tanker at a port in the Strait of Hormuz (Giuseppe Cacace/AFP via Getty Images / Getty Images)

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“There is the willingness to go through the strait if we also provide a naval escort if needed,” he told FOX Business.

Bessent noted that Iranian and Chinese vessels have been seen successfully passing through during the conflict and vowed to solve the issue.

“We will await to hear from CENTCOM in terms of when they think safe passage is possible,” he said. “I don’t know whether it’s a week or two weeks, but we are on track to get this solved.”

Meta CEO Mark Zuckerberg acknowledged in a taped deposition played during a high-stakes child safety trial that criminal activity, including harms to children, is an unavoidable reality on platforms serving billions of users like Facebook and Instagram.

The comments, revealed March 4-5, 2026, in a New Mexico courtroom, came as prosecutors played excerpts from Zuckerberg’s pretrial deposition to support allegations that Meta violated state consumer protection laws by failing to adequately disclose or mitigate risks of child sexual exploitation and mental health damage on its services.

“I just think if you’re serving billions of people, the unfortunate reality is that some very small percent of them are going to be criminals, and we should work as hard as we can to stop that activity from happening,” Zuckerberg said in the deposition. “I don’t think that the standard for our platforms would be that you should assume that it will ever be perfect.”

The statement drew sharp reactions from critics and child safety advocates, who argue Meta prioritizes engagement and profits over robust protections. Zuckerberg’s words were part of broader testimony addressing Meta’s efforts — or perceived shortcomings — in combating predatory behavior, underage access and harmful content.

The ongoing bellwether trial, brought by New Mexico Attorney General Raúl Torrez, accuses Meta of knowingly allowing dangerous conditions to persist on Facebook, Instagram and related apps. Prosecutors presented internal documents and executive statements claiming the company downplayed known risks to maintain user growth and advertising revenue.

Instagram head Adam Mosseri echoed similar sentiments in his own deposition, played alongside Zuckerberg’s, noting the inevitability of some bad actors in vast online communities. Both emphasized Meta’s investments in safety tools, including AI detection, content moderation teams and billions spent annually on enforcement.

Zuckerberg defended the company’s approach, highlighting thousands of employees dedicated to trust and safety, proactive removals of violating content and partnerships with law enforcement. He stressed the challenge of balancing privacy features like end-to-end encryption — which limits direct message scanning — with safety needs. “Our job is to build products that balance these things in appropriate ways,” he said. “Safety is obviously extremely important. People also care a lot about privacy and security, too.”

The trial builds on years of scrutiny over Meta’s handling of youth safety. It follows Zuckerberg’s February 2026 testimony in a separate Los Angeles addiction lawsuit, where he faced questions on algorithmic design and underage verification. In that case, he admitted improvements in detecting children under 13 but wished the company had acted sooner.

New Mexico’s suit focuses on consumer protection violations, alleging Meta misrepresented platform safety to users and parents. Prosecutors pointed to cases of sexual exploitation facilitated through the apps, including grooming and sextortion schemes targeting minors. They argue Meta’s scale amplifies these issues, with harms like depression, anxiety and suicide linked to exposure.

Meta counters that it discloses risks, removes harmful content aggressively and cannot eliminate every violation in open platforms. Company lawyers note adversarial actors constantly evade systems, but Meta continually upgrades defenses.

The case has spotlighted broader industry challenges. Social media giants face mounting lawsuits and regulatory pressure over youth mental health and exploitation. Section 230 protections shield platforms from liability for user content, but states like New Mexico seek to hold companies accountable for design choices and disclosures.

Public reaction to Zuckerberg’s remarks has been swift and critical. Advocacy groups called the statement an admission of defeat on child protection, urging stronger federal legislation. On social media, users debated whether billions of users inherently doom platforms to host crime or if better tools could minimize it further.

Zuckerberg has long maintained that perfection is unattainable but progress is ongoing. In past congressional hearings, he apologized to families affected by platform harms and pledged reforms.

As the New Mexico trial continues, depositions from other executives like former policy head Nick Clegg reinforced that harmful content damages business interests — bad for ads and brand trust. Clegg noted advertisers avoid proximity to toxic material.

The outcome could influence hundreds of similar suits nationwide, potentially reshaping how platforms approach safety, moderation and transparency. For Meta, the case tests the limits of scale: serving billions inevitably includes risks, but critics say Zuckerberg’s words underscore insufficient urgency in addressing them.

With testimony ongoing and more internal records expected, the trial highlights enduring tensions between innovation, privacy, safety and corporate responsibility in the social media era.

Shares of Airbnb Inc. (NASDAQ: ABNB) declined about 2% in midday trading Friday, March 6, 2026, falling to around $132.93-$133 from Thursday’s close near $135.85, reflecting a modest pullback after recent gains tied to robust fourth-quarter results and upbeat guidance for accelerated growth in 2026.

The San Francisco-based home-sharing platform opened near $133.89 and traded in a range from lows around $130.98 to highs of $133.90-$134.52, with volume approaching 1-5 million shares by mid-morning. The dip comes amid broader market caution from geopolitical tensions and rising energy costs, though Airbnb’s fundamentals remain solid following its February earnings report.

Airbnb released fourth-quarter and full-year 2025 results on February 12, 2026, posting revenue of $2.78 billion — up 12% year-over-year and beating analyst expectations by about 2.3%. Gross booking value surged 16% to $20.4 billion, while nights and experiences booked grew 10%, marking the strongest quarterly growth in over two years despite tough comparisons.

Adjusted EBITDA reached $786 million, delivering a 28% margin, and the company achieved positive net income. Earnings per share came in at $0.56 (adjusted figures varied), slightly missing some estimates of $0.65-$0.67, but the top-line beat and strong bookings overshadowed the miss.

CEO Brian Chesky highlighted momentum from product innovations like flexible payment options, eco-tourism focus and expansions into new markets such as Japan and India. “Healthy demand” across regions drove the acceleration, with gross bookings showing particular strength.

Guidance fueled optimism: First-quarter 2026 revenue is projected at $2.59 billion to $2.63 billion (14-16% growth), topping Wall Street’s $2.54 billion consensus. For the full year, Airbnb anticipates at least low double-digit revenue growth — aligning with or exceeding analyst views of around 10%. Management emphasized scalable profitability, with forecasts pointing to operating income nearing $3 billion in 2026.

The results sparked a rally, with shares rising as much as 17.5% in the weeks following the report before recent softening. Analysts responded positively: Mizuho raised its price target to $175 from $156 in early March, citing sustained demand and innovation. Consensus targets hover around $144-$149, implying 8-12% upside from current levels, with highs up to $200 and lows near $107. Ratings lean Buy, with 34-50 analysts tracking the stock.

Airbnb’s market capitalization stands around $80-82 billion. The stock trades at a forward P/E in the mid-20s, reasonable for a growth-oriented travel tech name with expanding margins. Year-to-date in 2026, performance has been mixed but positive overall, with shares up roughly 10-15% from January lows near $100, though down from February highs near $144.

The company continues investing in AI for personalized recommendations, dynamic pricing and host tools, alongside expansions like Airbnb Experiences and co-hosting features. Challenges include regulatory pressures in some cities, competition from hotels and short-term rental platforms, and macro sensitivity to consumer spending amid inflation.

Despite headwinds, Airbnb’s asset-light model — no property ownership — supports high margins and cash flow. Free cash flow remains strong, funding share repurchases and growth initiatives without debt reliance.

Analysts see 2026 as pivotal for Airbnb, with gross bookings momentum, user growth and profitability scaling key watchpoints. Expansion into emerging markets and AI-driven efficiencies could drive faster-than-expected gains.

As trading continues, the modest decline appears technical rather than fundamental. With earnings next expected in late April 2026, investors eye sustained demand signals amid travel recovery and economic uncertainty.

Airbnb’s blend of network effects, brand strength and innovation positions it well in the evolving travel landscape, though near-term volatility persists.

This article was written by

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Gas prices moved higher Friday as the conflict with Iran continued to roil global energy markets, pushing crude oil sharply upward and raising concerns about fuel supplies.

The national average price for regular gasoline rose to $3.32 per gallon on Friday, up from $3.25 on Thursday and $2.98 a week ago, according to AAA. Analysts say the increase reflects a surge in crude oil prices as geopolitical tensions intensify in the Middle East.

U.S. crude settled at $90.90 per barrel on Friday, a 12.2% jump on the day.

“Gasoline prices have been following crude prices higher as the closure of the Strait of Hormuz impacts supplies,” Andy Lipow, president of Lipow Oil Associates, told FOX Business in an email.

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A gas station attendant pumps diesel into a car at a filling station (Sean Gallup/Getty Images / Getty Images)

Oil markets have been on edge since the U.S. and Israel launched strikes on Iran last Saturday. Iran has since moved to block tanker traffic in the Strait of Hormuz — a critical shipping lane that handles roughly 20% of global oil flows, according to Reuters.

Lipow said the disruption has prevented tankers from loading in Iraq, Kuwait and Saudi Arabia, forcing some production shut-ins. 

Missile strikes have also hampered refinery operations in Israel, Bahrain and Saudi Arabia, tightening global gasoline and diesel supplies. Additional pressure is coming from China, which is limiting exports of refined petroleum products, according to Lipow.

“All this is leading to higher gasoline prices and the national average is likely to hit $3.50 per gallon [very] soon,” Lipow said.

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Cars are pictured driving on the highway. (Jonas Walzberg/picture alliance via Getty Images / Getty Images)

FOX Business contributor Phil Flynn said futures markets suggest pump prices could continue rising in the near term, depending on how events unfold.

“We’re going to probably see some increases right now,” Flynn told FOX Business. “That may slow if we get good news out of Iran.”

Flynn noted that while prices have climbed quickly, the spike has not yet reached the levels seen during past geopolitical crises.

“I’m hopeful that we see the peak of gasoline next week,” Flynn said. “The reason why I say that is I have a lot of confidence in the US military and Israel, and I really think Iran is on its last legs right now.”

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A navy vessel is seen sailing in the Strait of Hormuz, a vital waterway through which much of the world’s oil and gas passes on March 1, 2026.  (Sahar AL ATTAR / AFP via Getty Images / Getty Images)

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President Donald Trump told Reuters on Thursday he was not concerned about the rise in prices.

“I don’t have any concern about it,” Trump told Reuters. “They’ll drop very rapidly when this is over, and if they rise, they rise, but this is far more important than having gasoline prices go up a little bit.”