Zaid Admani

Let's go.

Well, we're coming off another brutal week on Wall Street.

The S&P 500 dropped 2.1% last week, while the Nasdaq did even worse, dropping 3.2%.

Stocks have now dropped for five straight weeks, and the last time that happened was back in 2022.

For the year, the S&P 500 is down 7%, while the NASDAQ has dropped nearly 10%.

The big thing driving the sell-off, of course, has been the war with Iran and rising oil prices.

We are now entering the fifth week of this conflict, and investors are starting to freak out that this could drag on for much longer.

The big concern is the Strait of Hormuz.

It's still closed, and that's why oil prices keep climbing.

Brent crude is now trading above $115 a barrel this morning, which is up more than 55% just in March alone.

that would make it the biggest monthly surge in oil prices on record.

And there are some people out there thinking that this could get much worse.

On Sunday, we posted an interview with Amos Hochstein, who's a former senior White House advisor who's dealt with energy shocks in the past.

And he thinks the market is still underpricing the risk of the war.

He walked through some of the ripple effects of the energy supply crunch.

So if you want to learn more about the oil markets and what could happen in the next few weeks, I highly recommend checking out that conversation.

We'll post the link in the description.

Now looking ahead, things continue to be escalating when it comes to the war.

The Pentagon is weighing whether to send 10,000 additional ground troops to the region.

There's been rumors of boots on the ground.