Daily Market View 19-03-2026

USD - 

Just as some members of the US admin were signaling a desire to calm the ongoing war with Iran, the chances of a swift end definitely decreased yesterday with strikes on senior Iranian officials and energy infrastructure. To start the day, news that the  leader of the Iranian National Security Council, Ali Larijani, had been killed in an Israeli airstrike. Already this was not a great start to the day for those hoping for a swift end to the conflict. Larijani was know to be one of the more moderate influences on the regime, who sought diplomatic solutions rather than conflict. 

And then, by midday, the news of the strike on South Fars hit and Oil shot up. In an attempt to avoid further escalation and damage to key energy infrastructure the US and Israelis had avoided targeting Iranian extraction sites, up to yesterday. 

The removal of a powerful voice of potential moderation within the regime and the attempt to crush Iran's Oil lifeline undeniably move the needle more in favour of a longer, more damaging war. A point immediately illustrated by last nights attack on Qatar's LNG field.

Trump has called for a cessation of strikes on energy sources, but the question becomes, has the war become too big for the President?

Markets Today

*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer or check online for a live quote.

Today's Economic Calendar

Major Economic Releases (All times in GMT)