Latest / MPC Markets Morning Call
30th March: Stocks head lower as Iran situation worsens
The Iran conflict entered a dangerous new phase over the weekend, with Houthi militants joining the fight, Israel striking Tehran, and the US Defense Department preparing for potential weeks of ground operations. The Dow Jones confirmed a correction on Friday — down more than 10% from its February peak — while the S&P 500 fell 1.67% to close its fifth straight losing week, its longest such streak since 2022. Brent crude settled at $112.57 and WTI at $99.64 as the Strait of Hormuz remained effectively closed, with Iran now drafting legislation to formalise its control and toll collection over…
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