This week, tensions in the Middle East caused turbulence in global markets, with concerns over disruptions to energy supplies through the Strait of Hormuz triggering early sell-offs in the FTSE 100 and Nasdaq indices. President Trump cited threats from Iran, and a U.S. military strike sank an Iranian warship, heightening concerns. Due to the threat from Iran, traffic through this vital oil transit route has decreased. Although the U.S. has provided risk insurance for ships and allowed India to purchase more Russian oil, analysts warn that ongoing supply disruptions could exacerbate inflation and lead to rising interest rates. Despite the conflict overshadowing the UK Chancellor's Spring Budget, markets showed some resilience over the weekend.