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One platform for global traditional assets
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CandyDrop
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Global equity markets continued to decline and for the S&P 500 this marked a fifth straight losing week, as tensions in the Middle East continue to suppress risk appetite. On Friday, the S&P 500 fell 1.7%, bringing its weekly loss to 2.1%. Brent crude rose above $100 per barrel and remains elevated amid persistent supply disruption concerns.
The Strait of Hormuz remains largely closed in practical terms, keeping physical oil market tensions high, while hopes for a diplomatic resolution continue to fade - including against the backdrop of the ongoing buildup of U.S. military presence in the Middle East.