From volatility in short interest and surging oil prices to sudden shortages of helium and fertilizers, the conflict in the Middle East has upended a number of markets.
The fragile two-week ceasefire between the United States and Iran, which was announced on April 7, helped restore a tentative sense of optimism. The result has been a rally in the very stocks, sectors, and asset classes that bore the brunt of the flight to safety that began last year. In recent days, however, the picture has become more complicated as talks have appeared to wobble ahead of the ceasefire’s expected expiration tonight.
