The week is off to a slow start globally due to holidays in Asia and, in particular, Europe, but the U.S. market closed on a positive note despite the continued tough rhetoric toward Iran and comments from Iranian officials that no agreement is in sight. Treasuries were flat...

Reports that Saudi Arabia plans to escalate the conflict with Iran triggered a new wave of risk-off sentiment, though this ultimately proved limited, as afternoon buying offset the initial impact of the news. This was compounded by the announcement that the U.S. will deploy 3,000 troops to the Middle East, pushing global interest rates up by 4–7 basis points and leaving most stock indices in positive territory...

The market continues to move to Trump’s tune, buoyed today by a statement he released this morning in which he said he is negotiating with Iran and that there will be no attacks for the next five days—after he said over the weekend that he would strike Iran even harder if they did not open the Strait of Hormuz within the next 48 hours...

The week ends with one of the worst days of the year on the market, as Iran maintains its stance that the Strait of Hormuz remains closed and CBS reports that the U.S. is reportedly making preparations for a possible ground attack on Iran. Equities fell 1.5–2.5% globally, with the technology sector performing the worst, amid...

It was a positive day for global fixed income, led by European sovereign bonds, whose yields fell by 5–7 basis points, while the Treasury yield curve also steepened across the board, with yields falling by 2 basis points. In equities, Asia closed mixed, Europe posted gains of 0.5–1%, and the U.S. closed up 0.25–0.5% in a...

Although allied countries are not providing the support requested by Trump to normalize the situation in the Strait of Hormuz, the market is pricing in a higher probability that the war will end soon, with oil prices falling 5% and Treasury yields and equities rising. WTI closed at $94 and Brent at $101, leaving...

Stocks Fall and Brent Crude Surpasses $100 as the War Intensifies: Volatility gripped Wall Street, with the market falling and oil reaching its highest level in more than three years, as the war in Iran continued. Concerns eased as rising prices...

Mojtaba Khamenei’s aggressive tone—in which he stated that he would seek to keep the Strait of Hormuz closed as long as the war continues—once again put pressure on the oil market, where prices rose 10% to $96 for WTI and $101 for Brent, negatively impacting both equities and fixed income at the...

Crude oil volatility continues to set the tone in the market, rising 6% today amid reports that Iran is mining the Strait of Hormuz, a move that could not be offset by reports that several countries, including the U.S. and Japan, would release crude oil from their strategic reserves. Equities rose in Asia but fell in the U.S...