Chevron Corporation

Exxon Mobil Corporation

Occidental Petroleum Corporation

Shell plc

The Iranian crisis is worse than the two oil crises of the 1970s combined, argues IEA head Fatih Birol

Goldman Sachs has raised its oil forecast. The worst-case scenario allows prices to soar to $135

Iran has threatened to attack US government bond holders following Donald Trump's ultimatum demanding Tehran open the Strait of Hormuz in 48 hours. The war in the Middle East has already damaged more than 40 energy facilities in nine countries, according to the IEA. About these and other topics - in our review of key events by the morning of March 23.

Top story for the morning: Iran threatened US government debt holders, IEA estimates war damage

Carnival Corporation & plc

PDD Holdings Inc.

GameStop Corp.

This week, investors will focus on developments in the Middle East and the dynamics of energy prices. A key indicator of how the war in Iran has affected market sentiment will be the preliminary data on business activity (PMI) for March in the U.S. and Europe, <a href="https://www.wsj.com/economy/week-ahead-for-fx-bonds-pmi-data-to-show-middle-east-wars-impact-on-sentiment-6fd000aa?mod=economy_feat3_central-banking_pos2#:~:text=View%20more-,Provisional%20purchasing%20managers%E2%80%99%20surveys%20for%20March%20in%20the%20U.S.%20and,since%20the%20conflict%20began%2C%E2%80%9D%20Deutsche%20Bank%20economists%20said%20in%20a%20note.,-Inflation%20data%20from">writes</a> The Wall Street Journal. "This is important because it is one of the first economic indicators covering the period since the conflict began," the Journal quotes a note to Deutsche Bank clients.

Iran war, business sentiment and Gamestop: what investors need to know this week

Oil prices rose and stocks fell after the weekend, during which US President Donald Trump <a href="https://oninvest.com/article/tramp-potreboval-ot-irana-razblokirovat-ormuzskij-proliv-v-tecenie-48-casov">gave</a> Iran an ultimatum to unblock the Strait of Hormuz. But the initial reaction quickly fizzled out, with stock indices nearly offsetting the decline and oil prices reversing downward, reflecting investor uncertainty about how to assess further risks of conflict.

'Trump has backed himself into a corner': how markets reacted to the US ultimatum to Iran

JanOne Inc.

Ukrainian-rooted startup Swarmer, whose drone software is actively used in combat missions, debuted on Wall Street with the best result since the listing of Newsmax, US President Donald Trump's <a href="https://www.euronews.com/business/2025/05/05/newsmax-ceo-shares-his-secrets-to-success-as-trumps-favourite-us-channel-sees-its-stock-so#:~:text=Self%20declared%20as%20US%20President%E2%80%99s%20%E2%80%9Cfavourite%20US%20channel%E2%80%9D%2C">"favorite American TV channel."</a> Cryptocurrency exchange Kraken and payment service PhonePe have postponed their IPOs amid the Iran crisis. The new Texas Stock Exchange is assembling a stellar team for its upcoming launch. The main events in the IPO market for the week - in our selection.

Startup with Ukrainian roots grows by 1000%, pauses Kraken: the main thing about IPO by March 22

Three weeks of war in the Middle East have brought a fifth of the world's oil and liquefied natural gas supplies to a halt and reshaped energy exports. The impact of this conflict on the LNG market has been described by market participants as an "apocalypse today", a nightmare and a terrible dream. They may be felt for years to come.

The war in Iran and the strike on the LNG complex in Qatar will lead to a shortage of gas on the world market. Who will suffer?   

Trump threatens to hit Iranian power plants if deadline is disrupted 

Trump demanded Iran unblock the Strait of Hormuz within 48 hours

The value of the largest publicly traded airlines has fallen by more than $50 billion since the war began, the FT has calculated

Airlines are facing their biggest crisis since the pandemic. What will happen to ticket prices?

Nebius Group N.V.

Meta Platforms, Inc.

Micron Technology, Inc.

Escalation in the Middle East has triggered a spike in oil and gas prices and heightened the risks of a prolonged energy shock. Regulators and governments are looking for ways to contain prices, from easing sanctions on Iranian oil to temporarily repealing the Jones Act in the US. Meanwhile, hotels in Dubai are cutting prices - occupancy in the emirate has fallen from 90% to 16% due to the shelling. Against this backdrop, central banks are keeping rates on hold, but signaling rising inflation risks and high uncertainty. The main events from March 16 to 20 - in our review.

Highlights of the week: energy prices spike, Fed pause, Dubai hotels cut prices

Tesla, Inc.

Billionaire Elon Musk misled Twitter investors in 2022 in an attempt to crash the quotes of the social network he was acquiring, a jury in San Francisco has ruled. The deal took nearly six months to materialize, during which time the billionaire repeatedly changed his position and Twitter tried to force him to honor the agreements. During the uncertainty, the shares of the social network, which was then a publicly traded company, fell about 40% below the value of the deal.

Elon Musk has lost a lawsuit against Twitter investors. He will pay them compensation

The US is considering "winding down" its war with Iran, US President Donald Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/116263563453969628">said</a> on Truth Social media. The price of Brent crude then plummeted, dropping from nearly $113 a barrel to less than $108 for a while.

US considering 'winding down' war with Iran - Trump. Brent fell below $108

The war in the Middle East, which caused a sharp rise in oil prices, is forcing investors to radically revise their forecasts on the Federal Reserve's monetary policy. Traders now estimate almost 50% probability of a rate hike this year, <a href="https://www.ft.com/content/63d642a9-2499-4969-af15-8bc282e4ce43?syn-25a6b1a6=1">writes the</a> Financial Times.