Insights

Weekly Market Commentary – 24th April 2026

24 April 2026

This week has seen many global equity markets push upwards despite few signs of progress in the conflict with Iran. Although the ceasefire is mostly holding, the US and Iran have both intercepted ships passing through the Strait of Hormuz as each side waits to see who blinks first. Meanwhile, earnings updates remain relatively positive, helping equity markets to keep calm and carry on rising. This phenomenon has inspired a reimagining of the acronym EBITDA: Earnings before Iran, Tariffs and Dubious Announcements.