Latest / MPC Markets Morning Call
16 March 2026: Oil Tops $100 as Iran War Enters Third Week
The US–Iran conflict dominated global markets for a second consecutive week, pushing Brent crude above $100 a barrel for the first time since 2022 and triggering a broad repricing of risk assets. The energy shock is rippling across sectors from semiconductors to fertilisers, while stagflation fears are building as US GDP growth was revised sharply lower even as core inflation remains sticky at 3.1%. Central banks face an impossible balancing act this week, with the RBA, Fed, BOJ, ECB and Bank of England all meeting against a backdrop of rising oil prices, slowing growth and elevated…
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