Iran Conflict FAQ
When did this conflict begin?
The current conflict began on February 28, 2026, when the US and Israel launched coordinated airstrikes on Iran targeting military and government sites, including the assassination of Supreme Leader Ali Khamenei. The strikes came during ongoing nuclear negotiations and were preceded by the June 2025 Twelve-Day War, in which Israel and the US first struck Iranian nuclear facilities.
What are the market implications?
Iran's closure of the Strait of Hormuz — a corridor for roughly 20% of world oil exports — has driven Brent crude to near $100/barrel, up approximately 50% since the start of the conflict. Rising inflation expectations from the oil shock have pushed markets to price in zero Fed rate cuts in 2026, with the ECB and Bank of England potentially facing rate hikes.
Which asset classes are most exposed?
Energy, travel, and technology are the most directly impacted sectors, with the Strait of Hormuz blockade adding supply-chain pressure across global markets. On the upside, defense and cyber technology are seeing increased demand as the conflict drives spending on advanced air defense systems, drones, and hypersonic capabilities.