Prof G Markets · Monday, June 29, 2026
Geopolitical events, including an invasion of Venezuela and threats to invade Greenland, set a tone of uncertainty early in 2026. A subsequent conflict with Iran led to higher inflation, though a temporary resolution aimed at reopening the Straits of Hormuz provided market relief.
“I think the first big moment that we saw was the invasion of Venezuela and the threat of invading Greenland, which didn't end up happening. But we had that and that was, I think less consequential than people might have thought, but that sort of set the tone for the year.”
“We also started a war with Iran, which led to significantly higher inflation. Uh, we apparently came to a deal with Iran, but we'll see.”
“It said, these two sides are going to figure out a way to get the Straits of Hormuz open. It may not be an everlasting peace, but we're just going to kick the ball into the tall grass and have a temporary peace that allows business to do business.”