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. 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. (Source: Bloomberg)