Bloomberg · Mar 1, 2026 · Collected from RSS
The escalating Mideast war is testing global market resiliency anew as investors brace for the open of stock, bond and energy markets Sunday evening in New York.
Traders braced for a volatile and risk-off open to the week for global stock markets after the US and Israel attacked Iran, with the focus turning to energy and defense companies as potential havens amid expected losses in airlines and other consumer sectors.
The oil market’s nightmare scenario came true this weekend. Now the race is on to deal with it.
Footage from the Strait of Hormuz shows an oil tanker ablaze after a reported hit from an unidentified projectile.
At least three oil tankers sailing near the Strait of Hormuz came under fire Sunday as hundreds of vessels dropped anchor outside the narrow waterway between Iran and the Arabian Peninsula. Tehran said it has closed navigation through the strait, used to transport a fifth of the world's oil exports, following the US-Israeli bombardment on Saturday.
The Strait of Hormuz is one of the most sensitive pressure points in the global economy. Conflict in Iran could put it at risk indefinitely.
While there are buffers of supply, spare capacity will come under pressure in the event of any further escalation