Iran War: Tehran Strikes Gulf Targets as Hormuz Deadline Looms | The Opening Trade 3/23/2026

Fears of a possible escalation in the war in the Middle East drove sharp declines in bonds and stocks after the US and Iran toughened their rhetoric. Gold fell to its lowest level this year while the dollar advanced.

Iran carried out fresh strikes across the Persian Gulf hours before US President Donald Trump’s deadline to reopen the Strait of Hormuz expires, as the waterway’s closure continues to rattle global energy markets.

The United Arab Emirates reported drone and missile attacks by the Islamic Republic overnight into Monday. Israel launched a wave of airstrikes on infrastructure in Tehran and said it’s preparing to expand ground operations in Lebanon, where it’s fighting Iran-aligned Hezbollah.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Lizzy Burden and Tom Mackenzie.

Chapters:
00:00:00 – The Opening Trade
00:00:55 – Market Check
00:02:03 – Iran War: Stock Futures Drop
00:04:08 – Oil Price Bumps Against $100
00:06:19 – Gold Price Falls
00:10:31 – Air Canada Plane Crash at LaGuardia
00:10:59 – Merz’s Securies Win Against SDP
00:11:11 – France Elections
00:11:30 – Post Italiane Lauches Telecom Italia Takeover Bid
00:14:08 – Iran War: Trump, Iran Hurl War Threats
00:26:03 – Bond Yields Rise on Iran War Angst
00:41:27 – Poste Italian €10.B Offer for Telecom Italia
00:47:52 – Stocks to Watch: Poste Italiane, Telecom Italia, Mining Stocks, Delivery Hero
01:09:46 – Oil, Gas Prices
01:14:11 – Two Dead in LaGuardia Airport Collision
01:20:14 – Fed Rate-Hike Bets Rise
01:30:06 – Stoxx 600 Set to Close in Correction
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts