Insights

Weekly Market Commentary – 2nd April 2026

2 April 2026

This week Donald Trump has driven further volatility as he switches between a conciliatory approach towards Iran and threats of more bombing and then walking away. Other countries have so far been unwilling to volunteer to clear up the mess and help open the Strait of Hormuz, so oil prices have been volatile again. Even if US attacks stop immediately, Trump’s Middle Eastern intervention will have lasting effects.