100 days of the Iran war: How global markets and the economy have been affected, in charts

Key Takeaways:

• The war in the Middle East has reached the 100-day mark.
• Negotiations between the U.S. and Iran are stalled, with conflicting signals.
• Global financial markets, including oil and stocks, continue to experience volatility.
• Persisting stalemate contributes to rising economic and political uncertainty.
• A lasting peace deal remains elusive, leaving investors cautious.

The 100-Day Milestone

Sunday marks 100 days since hostilities began in the Middle East, often referred to as the Iran war. In this period, the conflict has escalated risks for governments, businesses, and individuals worldwide. The protracted nature of the battles has contributed to an air of persistent uncertainty.

Ripple Effects Across Asset Classes

Since the war’s onset, major asset classes—from stocks to bonds—have oscillated in response. Oil prices, including benchmarks such as ICE Brent Crude and WTI Crude, have seen particularly noteworthy swings. Bond markets, including instruments like U.S. Treasuries and British gilts, have also reflected investors’ cautious sentiment. Meanwhile, stock markets, including indices like the S&P 500, have faced pronounced volatility as traders keep a wary eye on global developments.

The Stalled Negotiations

Despite diplomatic attempts, negotiations between the United States and Iran have stalled. Both Washington and Tehran have issued mixed messages, fueling confusion about the prospects for a peace deal. The enduring stalemate underscores challenges in reconciling differing political agendas, and it magnifies the war’s economic and geopolitical implications.

A Prolonged State of Volatility

With no peace agreement in sight, market watchers anticipate continued turbulence. Economies around the globe—already grappling with inflation and other challenges—face heightened pressures from the protracted Middle East conflict. As each new development unfolds, businesses and policymakers seek clarity on when, or if, a breakthrough may finally emerge.