{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Wealth Enterprise Briefing","title":"What Does the Conflict With Iran Mean for Global Markets?","html":"","width":"100%","height":180,"duration":1053,"description":"Geopolitical events can move markets quickly, and the conflict with Iran is no exception. Within a single week, oil prices rose roughly 50%, the U.S. dollar posted its strongest move in over a year and investors began asking whether the macro backdrop that has shaped portfolio positioning coming into 2026 had fundamentally changed.\nIn this flash edpisode of The Wealth Enterprise Briefing, Managing Partner Michael Zeuner is joined by Global Head of Macro Sam Sudame to take stock of what has happened in the first week of the conflict, what the data is actually showing and whether the firm's three core portfolio themes remain intact.\nThey discuss:\nWhy the Straits of Hormuz make this conflict a substantial risk to global energy supply and inflation\nWhat the difference is between an inflationary growth environment and a stagflationary shock, and which one markets are currently pricing in\nWhat the oil futures term structure is signaling about how long the market expects the disruption to last\nWhy the case for staying short to intermediate on duration in fixed income remains intact\nHow diversified equity portfolios, including exposure beyond mega-cap technology, held up better than expected last week\nWhy real assets, including natural resources, infrastructure and real estate, remain a core part of the portfolio thesis in this environment\n\nFor investors who have been following the firm's macro framework heading into 2026, this episode is a timely check-in on where things stand and what to keep watching as the situation develops.\nAs the situation continues to develop, we remain focused on monitoring the data closely and will provide updates as warranted. If you'd like to discuss any possible implications for your portfolio, please be in touch.\nImportant Information:\nThe Wealth Enterprise Briefing contains our current opinions and commentary, which are subject to change without notice. The Briefing is distributed for informational and educational purposes only and does...","thumbnail_url":"https://img.transistorcdn.com/9SOQ4slShAwf9MH0KMdzzv6IABnu1VYPoYapXNwj9IM/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8zMWZh/MjZlOWFlN2JiY2E5/NjA2OWM3NGMyODgx/ZTI1OC5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}