Sixteen days into the US-Iran conflict, markets remain hostage to events in the Strait of Hormuz. Brent crude has traced a remarkable arc since the assassination of Ayatollah Khamenei on 28 February, surging from $67 to touch $120 on 9 March before settling around $101 at the time of writing. The pattern has become familiar: escalation drives oil higher, a de-escalation headline triggers a sharp reversal, then reality reasserts and prices grind back up. Critically, each cycle is establishing a higher floor.

Get access to the graphs www.investsense.com.au/industry-articles/the-middle-east-dominates-everything-but-markets-still-resilient 

Join the InvestSense Community to receive weekly insights from our investment team: https://www.investsense.com.au/investsense-insights?utm_source=Podcast+&utm_medium=MarketSenseCheck