Iran War: European Stocks Fall as Energy Costs Surge Again | The Opening Trade 3/19/2026

Good morning. It is Thursday, March the 19th. Here is what is on the agenda.The energy war escalates, oil spikes. The Fed flagged inflation risks as the BOJ stands pat with the ECB and the BOA amongst a host of central banks set to weigh in later. The market focuses on the central bank decisions, but in the meantime certainly focuses on what is happening in the Persian Gulf.Tom And this is the picture for Brent right now. We're up by 6%. 113 is the handle on Brent.So we're touching new levels on these oil m ...