The Hormuz Halt

2026-03-08 10:00:00 ET

Real Estate Weekly Outlook

U.S. equities posted their worst week since October - while benchmark interest rates jumped by the most in nearly a year - as a historic surge in oil prices fueled by the escalating Iran conflict rattled investor sentiment and revived fears of a renewed inflation shock. While the U.S. and its allies continued to dominate the military balance over the past week, what remains of the Iranian regime is increasingly wounded and unpredictable, resorting to attacks on tankers, ports, and civilian infrastructure in an attempt to sow chaos in global energy markets through aggression in the Strait of Hormuz. Oil prices surged to the highest level since 2024 as traders priced in the possibility of long-term disruptions to Middle East oil production and the critical energy chokepoint that handles one-fifth of global oil trade. Adding to the angst, the February jobs report raised fresh questions about the durability of the labor market....

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