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02 March
Here’s how far oil is away from dragging stocks into a bear market, according to Morgan Stanley

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Need to Know

History shows market can recover quite quickly from geopolitical shocks

The conflict between the U.S. and Israel against Iran has caused oil prices to spike.
The conflict between the U.S. and Israel against Iran has caused oil prices to spike. Photo: atta kenare/Agence France-Presse/Getty Images

War in the Middle East has triggered a sharp risk-off reaction across markets at the start of the week, with equity indices sliding, while gold, oil and the U.S. dollar are rising.

However, dig a little deeper and there is notable nuance. Some stocks are higher, such as energy majors and defense companies. Palantir PLTR, the software group used by the U.S. military, is among the few tech gainers in premarket action.