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Iran war impact on markets to surpass 2025 tariff shock, warns State Street Global Advisors

Market News
06 Apr 2026
Erica Kollmann
View Source
Bearish
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State Street Global Advisors warns that the ongoing war in Iran will cause greater market disruption than the 2025 tariff volatility, even if the conflict ends quickly. Unlike last year's tariff shock, this conflict lacks a clear diplomatic resolution or policy pivot, leading to prolonged disruptions in oil supply and higher energy costs. This could cause lasting economic damage, inflation pressures, and challenges for corporate earnings and confidence. Investors are advised to focus on disciplined diversification and quality assets to navigate the uncertain recovery ahead.

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