Public Markets 3d Briefing

Last updated: March 14, 2026, 6:30 AM ET

ENERGY & COMMODITIES

Oil futures dropped 1.3% nytimes.com in early Asian trade as OPEC+ signaled potential output increases, while gold held near $2,340 ft.com as a weakening dollar offset risk-on sentiment. A surge in aluminum prices bloomberg.com pushed China Hongqiao's Zhang Bo past the $48 billion mark, cementing his position among Asia's wealthiest industrialists. Meanwhile, U.S. airline bonds weakened nytimes.com after jet fuel costs spiked 8% on Middle East supply fears, and Chicago's planned muni bond sale wsj.com is testing investor appetite amid geopolitical uncertainty. The Iran war is causing unprecedented turmoil bloomberg.com in oil markets, hitting 7.5% of global supply and an even bigger swath of exports, the International Energy Agency said. Traders are turning most bullish on Brent oil bloomberg.com in six years at the outset of one of the crude market’s most volatile weeks ever, while U.S. natural gas little changed wsj.com in rangebound trade. Fixed Income Japanese government bonds extended gains wsj.com tracking overnight Treasury rallies as traders increasingly price in a September Fed rate cut. Equities Stocks suffered a third straight weekly loss as investors braced for a longer conflict wsj.com, with oil prices settling above $100 a barrel capping a wild week. Currencies The pound came under pressure nytimes.com as oil rose, while Commodities China’s Edge in an Oil Shock is its decades-long push into renewables, with Beijing’s investments in electric vehicles now paying off amid surging oil prices. Geopolitics The U.S. Vows to Block Iran’s Attempt to Shut Down the Strait of Hormuz nytimes.com, deploying 2,500 Marines to the region, while Iran’s New Leader was reportedly wounded in a drone strike bloomberg.com. Markets Hedge funds turned the most bullish on oil in six years bloomberg.com, and Retail Investors showed first signs of buyer fatigue bloomberg.com amid Middle East escalation. Infrastructure China Eases Ban on BHP Iron Ore after steel mills rushed to buy, while South Africa’s Stocks faced a 10% correction bloomberg.com as investors pulled from overheated markets. Global Impact The Iran War Is Now Disrupting Global Trade wsj.com, Europe’s Price Shock remains distinct from 2022 wsj.com, and Peru’s Presidential Frontrunner has only 11% support bloomberg.com. Finance U.S. Spent $11.3 Billion in First Week of War With Iran bloomberg.com, while Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets Public Markets