Weekly Market Recap – March 9, 2026

Following the recent U.S. and Israeli strikes on Iran, and Iran’s subsequent response launching attacks on its Persian Gulf neighbors, investors have been paying close attention to the conflict’s impact on energy markets. Iran borders the Strait of Hormuz, the most important passageway for global energy, carrying 20-25% of the world’s oil and liquid natural gas. The Strait has been effectively closed since fighting started, and despite the U.S. offering to provide ships safety and insurance guarantees, shipping companies may still believe it’s too risky for transit.