Bloomberg — Week of 2026-03-28 to 2026-04-03#
Story of the Week#
The US-Iran conflict saw extreme volatility, whipsawing global markets as brief diplomatic hopes were crushed by a sharp escalation that included Iran downing a US F-15E and effectively shuttering the Strait of Hormuz. The prolonged hostilities and threats against civilian infrastructure pushed physical oil prices past $140 a barrel, threatening global growth and triggering severe stagflation warnings from central banks worldwide.