• US stocks closed Q1 2026 attempting a rebound from the year's deepest downturn, with S&P 500 marking a second straight down month.
• Geopolitics and soaring oil prices dominated sentiment, boosting energy as the sole positive sector while industrials weakened most.
• Spot crude rallied 55.2% in March, the second-largest monthly gain in 40 years, lifting energy stocks significantly.
Kuwait says fire broke out after Iranian attack on giant tanker and warns of possible oil spill in surrounding watersHello and welcome to our continuing live coverage of the US-Israel war on Iran and its impact on the region, the world and the global economy.Iran attacked and set ablaze a fully loaded crude oil tanker off Dubai on Monday while Donald Trump warned the US would obliterate Iran’s energy plants and oil wells if it did not open the strait of Hormuz.Blasts were heard in Tehran and power cuts hit some areas of the capital, Iranian media reported on Tuesday. Israel earlier carried out missile strikes on what it called military infrastructure in Tehran and infrastructure used by Iran-backed Hezbollah in Beirut, leaving black smoke hanging over the Lebanese capital.Two successive Iranian missile launches targeted central Israel, the Times of Israel reported, quoting the emergency service as saying it had not received any reports of injuries.Turkey reported a ballistic missile launched from Iran had entered Turkish airspace before being shot down by Nato air and missile defences.Oil prices were headed on Tuesday for a record monthly rise while Asian shares were headed for their steepest fall since 2022, capping a tumultuous month as the war fanned fears of higher inflation and slower growth. Bonds were headed for their largest decline in months, while the dollar recorded its strongest gain in eight months.The US national average retail price of fuel crossed $4 a gallon for the first time in more than three years on Monday, data from price-tracking service GasBuddy showed, as tightening global supplies pushed US crude prices above $101 a barrel.Three UN peacekeepers from Indonesia were killed in two separate incidents in southern Lebanon.Thousands of soldiers from the US Army’s elite 82nd Airborne Division have started arriving in the Middle East, two US officials told Reuters. , as part of a reinforcement that would expand Trump’s options to include the deployment of forces inside Iranian territory, even as he pursues talks with Tehran.The White House later said talks with Iran were progressing and Trump wanted to reach a deal with Tehran before a 6 April deadline he set last week after extending an earlier deadline he had set for Iran to open the largely blocked strait of Hormuz oil route.Trump had told aides he is willing to end the military campaign against Iran even if the strait or Hormuz remains largely closed and leave a complex operation to reopen it for a later date, the Wall Street Journal later reported.Iran said on Monday it had received US peace proposals via intermediaries and that they were “unrealistic, illogical and excessive”. Continue reading...
• U.S. stocks edged higher on March 30, 2026, with the S&P 500 rising 0.2% in afternoon trading after its worst week since the war with Iran began.
• The Dow Jones Industrial Average gained 257 points, or 0.6%, while the Nasdaq and Russell 2000 also advanced amid ongoing market volatility.
• Oil prices continued climbing due to uncertainty over the timeline of the U.S.-Iran war, contributing to swinging trading sessions on Wall Street.
Anatoly Kolodkin could soon discharge at Matanzas port, US official says, three months after Cuba’s last oil importA Russia-flagged tanker carrying Russian crude entered Cuba’s exclusive economic zone on Sunday, according to ship tracking data, in what could be the Caribbean country’s first oil import in over two months.Tanker Anatoly Kolodkin, which departed from Primorsk after loading some 650,000 barrels of Urals crude, could soon discharge at Cuba’s Matanzas port if it does not change its current course, according to tracking services MarineTraffic and LSEG. Continue reading...
• Crude oil prices have climbed to their highest levels since 2022, driven by geopolitical tensions from the ongoing Iran war and uncertainty over shipping through the Strait of Hormuz.
• President Trump extended his self-imposed deadline to "obliterate" Iran's power plants to April 6, contingent on Iran allowing oil tankers to freely exit the Persian Gulf through the Strait of Hormuz.
• The elevated oil prices are contributing to market volatility, with Wall Street experiencing daily fluctuations as investor sentiment shifts between hopes for war resolution and renewed concerns.
• President Donald Trump extended his deadline for Iran to reopen the Strait of Hormuz by 10 days, pausing potential air strikes on power plants after closing the vital trade route.
• Oil prices climbed higher due to Middle East conflict concerns, while Asian and European markets closed lower; US stocks ended Thursday down with Nasdaq in correction territory at 21,408.08.
• ECB President Christine Lagarde warned equity markets are 'too optimistic' amid the 'real shock' in Iran, as Dow fell 1% to 45,960.11 and S&P 500 dropped 1.7% to 6,477.16.
Australian counterterrorism experts observe December shooting came amid years of messaging from terror group urging followers to act ‘on their own initiative’Get our breaking news email, free app or daily news podcastThe Bondi beach terror attack occurred amid an international spike of anti-western plots in December last year that appeared to be “inspired or instigated” by Islamic State, a new report has found, with many of them targeting holiday events such as Christmas markets.In research published by the West Point Combating Terrorism Center in its publication Sentinel on Thursday, Australian counterterrorism experts Andrew Zammit and Levi West examined Islamic State’s strategic shifts and jihadi tactics in Australia prior to the alleged antisemitic terrorist attack. Continue reading...
Giorgia Meloni made public request for Daniela Santanchè to quit in effort to restore credibility after voters rejected judicial reformItaly’s embattled tourism minister has resigned, heeding a call from Giorgia Meloni to step down as the prime minister strives to restore credibility after a bruising defeat in a referendum that has thrown her far-right government into turmoil.The resignation on Wednesday of Daniela Santanchè, a prominent and brash member of Meloni’s Brothers of Italy, came after the prime minister took the unusual step of calling in a public statement for the minister to go. Continue reading...
• JPMorgan revised its 2026 S&P 500 year-end price target down to 7,200 from 7,500, citing rising oil prices and geopolitical tensions as key headwinds to earnings.
• The bank warned the index could slide to as low as 6,000 in the near term if current pressures intensify, with 6,000 to 6,200 identified as potential support levels if recession risks escalate.
• The S&P 500 closed Friday at 6,506.48, down 1.51%, marking its fourth consecutive weekly loss and lowest level in six months amid AI monetization doubts and Fed rate-cut expectations reversing.
• Brent crude oil prices rose 3.2% to USD 103.42 per barrel, while US oil prices increased 2.9% to USD 96.21 per barrel due to Strait of Hormuz tensions and reduced vessel movement.
• The Trump administration plans to ease sanctions on Venezuela's oil sector by issuing permits for foreign companies, aiming to boost crude production and counter soaring prices.
• Global oil markets remain volatile as the Strait of Hormuz, through which 13 million barrels pass daily, faces ongoing disruptions from the Iran conflict.