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Last updated: March 22, 2026, 5:30 AM ET

Geopolitics & Emerging Markets

Tensions in the Middle East escalated sharply bloomberg.com as Iran threatened bloomberg.com to strike key regional infrastructure following President Trump’s ultimatum bloomberg.com regarding the Strait of Hormuz, prompting immediate caution across energy markets. Concurrently, South Korea’s President Lee Jae Myung nominated bloomberg.com, currently head of monetary affairs at the Bank for International Settlements bloomberg.com, as the next governor for the Bank of Korea, signaling a potential shift in Seoul’s central banking approach.