Since attacks flared up on February 28, the bitter conflict between the U.S., Israel, and Iran has triggered ripple effects across the global markets. Oil and gas prices have gone through the roof, and the longer the crisis continues, the greater the risk of stagflation. By late March 2026, the stock market had been abnormally…

This Conflict Isn’t Resolved, It’s Repriced We are seeing two things happen at once between the US and Iran, military escalation and diplomatic back-channeling are running in parallel. Neither side wants to be seen publicly as the one pushing hardest for negotiation. Iran cannot look weak after the strikes, and the US, especially under Trump, cannot…

The Market Prices a Pause, Not Peace Oil markets had a dramatic session on Monday, with Brent falling below US$100 per barrel and WTI dropping to US$88, both down roughly 10% after Trump posted that he was postponing threatened strikes against Iran. For many investors, that probably comes as no surprise. In reality, bombing more energy…

The 1970s Aren’t a Forecast, They’re a Warning The 1970s is a useful reference point because it remains the clearest modern example of stagflation, where inflation rises as economic growth slows. For that to happen, a number of forces usually need to hit at once, pushing inflation higher while also dragging on GDP growth. That said,…

This Isn’t Just Geopolitics Anymore, It’s Now a Macro Selloff The ASX 200 has now officially entered correction territory. What stood out just as much was the move in bonds. The 10-year Treasury yield rose 13 basis points in a single session, which is a large one-day move. That is not a gradual repricing. It suggests…