economy
March 16, 2026
Global Stock Markets: Iran Crisis Remains in Investor Focus
The continuation of the blockade of the Strait of Hormuz and the rise in crude oil prices were the central themes among investors last week, who accelerated sell-offs in the stock market.
TL;DR
- The continuation of the Hormuz Strait blockade and rising crude oil prices have negatively impacted stock markets.
- The S&P 500 and Nasdaq indices have seen significant losses.
- The Iran conflict has cooled investor hopes for a short-lived war, with oil prices fluctuating significantly.
- Goldman Sachs estimates the conflict could cut global economic growth by 0.3% and increase global inflation by 0.5%.
- The IEA announced the release of over 400 million barrels of crude oil and petroleum products.
- Despite fears of rising oil prices affecting US inflation, February inflation data remained stable.
- The Federal Reserve is expected to keep interest rates unchanged, and rate cuts are now anticipated later in the year.
- The financial sector has experienced significant sell-offs, partly due to concerns about companies funded by private credit and their vulnerability to AI impacts.
- Zalando's stock surged after positive business results and a forecast for revenue and profit growth.
- Ulta Beauty's stock fell after its quarterly profit came in below expectations and due to a conservative growth plan.