Navigating volatility: the macro fallout from Iran conflict and oil-price spikes

The geopolitical backdrop has rarely felt more combustible, and nowhere is that felt more keenly than in aerospace & defense. A near-paralysed Strait of Hormuz and a wave of attacks across the Middle East have snarled supply chains and sent oil prices soaring, even as Russia’s war in Ukraine grinds into its fifth year and Europe recalibrates. We examine the macroeconomic forces that investors must weigh before committing capital.