Public Markets 3h Briefing

Energy & Commodities

Europe's momentum for decarbonizing its energy system has dissipated ft.com. Traders are piling into options as supply disruptions from the Iran war send oil and other commodity prices soaring bloomberg.com. Iraq's oil production has collapsed by about 60% as the Iran war means there aren't enough tankers to load the nation's crude bloomberg.com.

Geopolitical Risk

Oslo police are investigating an explosion outside the U.S. Embassy, which appears to be a "targeted attack" nytimes.com. The security incident adds to market concerns as the Iran conflict continues to disrupt global supply chains.

Fixed Income

Bond traders were already preparing for turbulence before last weekend's war outbreak bloomberg.com. The escalation has increased volatility across fixed income markets as investors reassess risk profiles.

Emerging Markets

The war in Iran has dealt a blow to one of Wall Street's favorite trades - emerging markets bloomberg.com. The revival that many investors had been betting on now faces significant headwinds from the geopolitical instability.