Weekly Market Update 01/04/2026

As the conflict in the Middle East enters its fifth week, markets continue to react, but not always in the way you might expect.
In this Weekly Market Update, we take a clear, measured look at the economic implications so far. From the surge in Brent crude prices to the surprising pullback in gold, and the relatively orderly decline in global equities, there are signals worth paying attention to.
We also explore the strategic importance of the Strait of Hormuz, the risks to global energy supply chains, and how geopolitical developments, including US and Iranian actions, Houthi involvement, and shifting alliances, could shape what comes next.
With Q1 earnings season approaching and analysts still in “wait and see” mode, markets remain highly sensitive to new information.

A concise, no-noise breakdown to help you stay focused on what actually matters.