Multi Asset chart of the week | Insight Investment

Prices of commodities such as oil and natural gas will likely remain volatile as the conflict in Iran continues

Stephanie Chan, CFA, Portfolio Manager, said: “Over the weekend, the US and Israel jointly launched strikes on Iran, killing Iran’s Supreme Leader Ayatollah Ali Khameni and aiming to destroy Iran’s weapons and to bring about regime change in the country. Iran responded with strikes on US military bases and Israeli targets in countries across the Middle East, prompting fears that the entire region would be pulled into the conflict. The price of Brent crude oil has jumped by more than 10% and the price of European natural gas has jumped by more than 70%. Markets remain uncertain about the degree and duration of supply disruption of oil and natural gas, two main commodities exported from the region. The Strait of Hormuz is effectively closed as shipping insurance companies have cancelled their policies amidst threats of violence. The crude oil price has hit its highest level since 2022, and the European natural gas price has picked up sharply from recent historical lows.”^†

Source: Insight Investment, Bloomberg as at 03 March 2026.