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Goldman Sachs Stock Plunges 7.5% on Geopolitical Risks as U.S.-Iran Conflict Rattles Markets

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The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City

Shares of The Goldman Sachs Group Inc. (NYSE: GS) tumbled more than 7% in the latest session as escalating U.S.-Israeli military operations against Iran and Tehran’s retaliatory strikes injected fresh volatility into global markets, heightening concerns over energy supply disruptions, inflation pressures and broader economic fallout.

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City
The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City

The investment bank’s stock closed at $859.57 on Friday, Feb. 27, 2026, down $69.43 or 7.47% from the previous close of $929.00. Trading volume surged to 5.55 million shares, well above the average, reflecting heavy selling pressure. After-hours trading showed minimal recovery, with the price dipping slightly to around $859.49. As of early Monday trading in Asia and Europe, futures indicated continued weakness, with broader equity indices like the S&P 500 down over 1% amid risk-off sentiment.

The sharp decline came amid a broader market reaction to the conflict. Oil prices surged 8-10% as Iranian attacks disrupted shipping near the Strait of Hormuz, raising fears of prolonged supply interruptions. Goldman Sachs analysts have maintained a baseline Brent crude forecast around $60 by year-end but acknowledged significant upside risks from Middle East tensions. In prior assessments, the firm estimated that an extended closure of the strait could push prices past $100 per barrel, potentially triggering inflationary spikes and pressuring consumer spending and corporate margins.

For Goldman Sachs, the impact is multifaceted. As a major player in global markets, fixed income, currencies and commodities (FICC) trading, the firm benefits from increased volatility through higher trading volumes and spreads. However, sustained geopolitical uncertainty could weigh on investment banking activity, mergers and acquisitions and capital markets issuance if risk aversion persists. Equity trading and wealth management segments might face headwinds from client caution.

The drop erased much of recent gains, with the stock hitting a four-week low during the session. Year-to-date performance remains positive but moderated, with shares up from 2025 levels despite the pullback. The 52-week range spans $439.38 to $984.70, with the all-time high near $976 in mid-January 2026.

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Goldman Sachs reported strong fourth-quarter 2025 results on Jan. 15, 2026. Net revenues reached $13.45 billion, slightly beating estimates, while net earnings totaled $4.62 billion. Diluted EPS came in at $14.01 (or adjusted figures around $14.28 in some reports), surpassing consensus by about 20%. Full-year performance reflected resilience in a mixed environment, with strength in trading offsetting softer investment banking fees amid economic uncertainty.

The firm continues to emphasize cost discipline, strategic positioning in private credit and AI-driven risk tools. CEO David Solomon has highlighted adaptability, including disclosures about personal holdings in Bitcoin while noting ongoing evaluation of cryptocurrency dynamics.

A key event for shareholders is the quarterly dividend. Goldman Sachs declared $4.50 per share, payable March 30, 2026, to holders of record as of the ex-dividend date of March 2, 2026. This equates to an annualized $18.00 payout and a forward yield around 2.09% based on recent prices. Historical data shows reliable post-ex-dividend recovery, with backtests indicating full dividend capture within about 3 days on average.

Analyst sentiment leans “Hold,” with a consensus price target near $916-$959. Recent updates include Argus raising its target to $1,066 with a “buy” rating, while others like Autonomous Research trimmed to $960 but maintained “outperform.” Institutional ownership stands high at over 71%, with firms like Davis R.M. Inc. and Becker Capital Management adjusting positions modestly in recent quarters.

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The conflict’s wildcard status dominates near-term outlook. President Donald Trump’s comments framing operations as potentially concluding in “four weeks or less” offer some reassurance, but analysts caution that prolonged disruptions could elevate recession risks. Goldman Sachs strategists note equity reactions depend more on the durability of energy shocks than headline events.

Broader implications include rotation away from growth stocks toward defensive and energy sectors. Defense contractors and oil majors like Exxon Mobil gained, while banks and cyclicals faced pressure.

Goldman Sachs’ market cap hovers around $258-$260 billion, with a P/E ratio near 16.75-16.76 based on trailing earnings. Beta of 1.31 indicates higher volatility than the market average.

Investors await the next earnings report, scheduled for April 13, 2026, covering Q1. Consensus anticipates continued strength in trading amid volatility, though geopolitical clouds loom.

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As markets digest the weekend’s developments, Goldman Sachs remains a bellwether for Wall Street’s response to global crises, blending trading upside with macro downside risks.

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Katy Perry Faces Fan Backlash Over ‘Tone-Deaf’ Response While Balancing High-Profile Romance

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Beyonce has won the most Grammys of anyone in history, but can she finally take home the top prize that has eluded her?

Pop superstar Katy Perry drew sharp criticism in March 2026 after a social media exchange with a struggling fan went viral, accusing the singer of being out of touch amid her ongoing European festival tour preparations and a blossoming romance with former Canadian Prime Minister Justin Trudeau.

Pop star Katy Perry said she hoped her trip to space will inspire her daughter
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The controversy erupted when a fan posted on X about financial hardship, saying they were considering selling a concert ticket to “survive” and “couldn’t afford to live right now.” Perry replied, “But I am looking forward to seeing you,” a response many deemed insensitive. Social media users quickly branded it “tone-deaf” and “grim,” with comments like “God, you are so out of touch” flooding replies. Outlets including Daily Mail and Yahoo News amplified the backlash, noting the 41-year-old’s massive platform—over 413 million followers—heightened expectations for empathy.

Perry has not publicly addressed the incident directly, but sources close to her camp described it as an attempt at encouragement that missed the mark. The exchange came during a quieter period for the “Firework” singer, who wrapped the main leg of her Lifetimes Tour in late 2025 following the release of her album “143” and its hits like “Lifetimes” and “Woman’s World.”

Despite the criticism, Perry’s career momentum continues with confirmed 2026 performances. Her official website lists summer festival headline slots across Europe and beyond, including Rock in Rio Lisboa on June 20, Werchter Boutique in Belgium on June 27, Depot Live at Cardiff Castle in Wales on June 30, and Lucca Summer Festival in Italy on July 25. Additional dates feature Festival O Son Do Camiño in Santiago de Compostela, Spain, on June 18, and Luxembourg Open Air on July 14. Fans have snapped up tickets, with promoters highlighting her return to major stages after a globe-trotting 2025.

The tour extensions follow a whirlwind year that included a high-profile space trip with Blue Origin and viral moments, as recapped in Perry’s end-of-2025 TikTok video. Insiders suggest she’s eyeing new music to coincide with these shows, with rumors swirling about an unreleased track titled “Watch It Burn.” A March video from a shoot showed Perry engulfed in controlled flames for the purported music video, sparking brief fan concern before the stunt’s safety was clarified. While no official release date has been confirmed, speculation points to fresh material potentially dropping ahead of summer festivals.

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On the personal front, Perry’s relationship with Justin Trudeau has deepened, drawing significant attention. The pair, first linked romantically in mid-2025 and made Instagram official in December, appeared together at the World Economic Forum in Davos, Switzerland, in January 2026. Perry traded her signature whimsical style for conservative chic, walking hand-in-hand with Trudeau and sitting front row during sessions. Recent Instagram posts from March show intimate moments, including a 16-picture slideshow captioned “You are the treasure you seek,” featuring quality time with Trudeau and her 5-year-old daughter Daisy Dove Bloom.

Trudeau’s son Xavier has spoken positively about Perry, sharing details of their interactions in interviews. Sources describe the couple as “much more serious” in 2026, with reports of joint travel and family blending. A December 2025 family outing to “Paddington: The Musical” in London included ex-fiancé Orlando Bloom and his son Flynn, highlighting amicable co-parenting post their June 2025 split after nine years together.

The romance has fueled speculation about future collaborations, with unconfirmed reports suggesting Perry and Trudeau are brainstorming joint projects for later in the year. Amid career hiatus rumors, Perry maintains an active social presence, sharing glimpses of her life and occasional music teases.

Earlier legal news lingers: In March, Australia’s High Court ruled against Perry in a long-running trademark dispute with Sydney designer Katie Taylor over the “Katie Perry” clothing label. The decision upheld Taylor’s rights after years of appeals, though Perry’s team has downplayed its impact on her brand.

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As Perry gears up for her 2026 festival run, the fan backlash serves as a reminder of the scrutiny celebrities face in digital spaces. Supporters argue the comment was well-intentioned, while critics call for greater awareness. With new dates selling briskly and her personal life thriving, Perry appears poised for a vibrant summer, even as she navigates public perception.

The coming months will test whether fresh music and stage energy can reclaim the spotlight amid ongoing conversations. For now, Perry remains a pop culture fixture, blending high-octane performances with evolving personal chapters.

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Apple co-founder Steve Wozniak says he is not a fan of AI

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Apple co-founder Steve Wozniak says he is not a fan of AI

Apple co-founder Steve Wozniak is raising concerns about artificial intelligence as the technology becomes more embedded in everyday life, warning that it may not yet deliver the reliability and human understanding people expect.

Steve Wozniak joined FOX Business’ Liz Claman on “The Claman Countdown” to discuss how AI is evolving and where he believes it falls short despite rapid advancements across the tech industry.

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Wozniak, who helped build Apple’s earliest computers and shape the personal computing revolution, framed his skepticism around the importance of human thinking and emotional awareness, arguing that technology should reflect genuine understanding rather than just well-written responses.

“I want to know some human being like myself is thinking, knowing what I might feel, and understanding emotions and all that,” Wozniak said.

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APPLE UNVEILS LOWER COST IPHONE 17E, RAISES PRICES ON MACBOOKS

Apple co-founder Steve Wozniak.

Apple co-founder Steve Wozniak speaking at a conference. (Luis Ortiz/LatinContent / Getty Images)

Drawing from his own experience testing AI tools, Wozniak said the systems often fail to answer questions directly, instead offering broad or unrelated information that misses the user’s true need.

“I want such reliable content every time. I am not a fan of AI,” Wozniak said.

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His remarks also touched on the broader impact of technology on human behavior, suggesting that growing dependence on automated systems could change how people process information and solve problems.

“You become dependent on it,” Wozniak said.

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Diaz Manuel A. sells OUTFRONT Media (OUT) shares for $303,528

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Diaz Manuel A. sells OUTFRONT Media (OUT) shares for $303,528

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XPeng: Margin Inflection Point Reached

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XPeng: Margin Inflection Point Reached

XPeng: Margin Inflection Point Reached

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IAK: Understanding The Structure And Suitability Of This Insurance ETF

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IAK: Understanding The Structure And Suitability Of This Insurance ETF

IAK: Understanding The Structure And Suitability Of This Insurance ETF

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Form 144 ASANA INC For: 23 March

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Form 144 ASANA INC For: 23 March

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How Businesses Are Tackling Payment Challenges in Today’s Digital Economy

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Contactless card payments could soon exceed the current £100 cap – and even become unlimited – under proposals from the Financial Conduct Authority (FCA).

Payment challenges have become a central strategic concern for many businesses as increasing digitisation and expectations for seamless transactions reshape how firms operate.

Payment failures, fraud, and regulatory changes can disrupt commercial operations, requiring decision-makers to adopt responsive payment strategies. Achieving success depends on the ability to adapt payment processes and safeguard revenue in an evolving digital business environment.

Digital payment friction can affect more than immediate sales results. Operational complexity and customer turnover are persistent risks. As online purchases increase and consumers expect instant confirmation, even minor issues can impact trust, delay cash flow, or create fraud exposure. For any digital revenue model, maintaining pace with new payment threats and compliance demands is essential. In this environment, firms using a uk high risk merchant account must ensure robust processes, as they frequently face additional scrutiny and risk assessment measures. Understanding these pressures is vital for businesses to remain competitive in the digital economy.

Why digital payments are critical for boards

Payment friction is increasingly considered at the board level due to changes in consumer expectations and the growing number of online transactions. As digital-first models become more common, manual interventions or outdated systems can cause operational delays, affecting cash flow and business performance. Failed payments result in lost revenue and can reduce customer confidence, increasing churn. Many companies recognise that the payment experience is a key factor in customer retention and loyalty. Ensuring smooth, reliable payment systems is now closely connected to brand reputation and market standing.

Beyond losing a single sale, payment failures often create additional costs in support and recovery processes. Customers who encounter failed payments may be less inclined to return, and operations can be disrupted by further verification, refund handling, or dispute resolution. Leadership teams are increasingly allocating resources to guarantee seamless payments as a means of supporting commercial success. Firms carry out regular technology reviews, ensure cross-functional cooperation, and apply data-driven strategies to identify and resolve payment friction before it affects profitability.

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Adapting to increased fraud, disputes, and returns

As digital transaction volumes rise, fraud and scams are becoming greater challenges across various sectors. Techniques such as account takeover, card-not-present fraud, and refund abuse are increasingly encountered, representing threats to revenue and customer trust. While effective fraud prevention is necessary, it should be balanced to avoid hindering valid customers. Strengthening fraud controls not only addresses reversal costs but also limits dispute-related overhead and possible reputational harm. Reducing fraud rates requires continuous monitoring and agile responses to evolving tactics.

Chargebacks, disputes, and returns introduce further complexity to digital payment operations, often resulting from delivery problems, ambiguous subscriptions, or friendly fraud. Addressing these issues involves clearer payment descriptors, transparent communication, and solid record-keeping. By investing in comprehensive processes and proactively responding to customer queries, companies can control dispute rates and support business continuity. Routine reviews of dispute ratios assist leaders in making informed decisions, helping operations remain resilient to changes in customer expectations and compliance requirements.

Regulation, risk tiers, and payment system resilience

Regulatory requirements around payments continue to evolve, emphasising the need for thorough Know Your Customer (KYC), Anti Money Laundering (AML), and strong authentication controls. Businesses need to keep up with legal developments, as regulatory adjustments can impact acceptance rates and require rapid changes to operations. In higher-risk sectors, payment service providers may impose stricter terms in response to increased disputes or refunds. Managing reserves and ensuring payment continuity becomes more challenging when risk categories tighten unexpectedly or providers discontinue services, with potential consequences for cash flow.

Organisations build resilience into payment systems through redundancy, diverse payment options, and clear assignment of responsibilities. Comprehensive monitoring tools allow teams to act quickly if metrics such as authorisation rates, fraud levels, or settlement times change unexpectedly. Leading firms closely monitor regulatory changes and adapt rapidly, leveraging transparent authentication and automation. As the digital payments landscape develops, consistent focus on these fundamentals distinguishes businesses that achieve seamless operations from those vulnerable to costly disruptions.

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Dmitry Volkov on the Structure of Modern Venture Investing

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Dmitry Volkov on the Structure of Modern Venture Investing

In venture capital, access often matters as much as capital itself. The e‍arliest signals of promising technology companies tend to emerge within tightly connected networks of f‍ounders, investors, and specialized funds.

For investors seeking exposure to innovation at its earliest s‍tages, building durable relationships across that ecosystem can be as important as identifying individual s‍tartups.

An investor and a serial entrepreneur Dmitry Borisovich Volkov, best k‍nown as the co-founder of Social Discovery Group and Dating Group, has spent m‍ore than a decade developing such connections a‍cross the global venture landscape. He has worked with more than twenty venture capital firms while b‍uilding an investment platform that combines direct startup backing with partnerships across established f‍unds.

One of the initiatives reflecting this a‍pproach is SDG Lab, where Dmitry Volkov serves as advisor and anchor investor. The Lab focuses on seed-stage c‍ompanies, supporting early product development and helping identify emerging technology opportunities. It represents an a‍ttempt to engage with new ideas before they become visible to the wider m‍arket.

Dmitry Volkov and Social Discovery Group Bridge Fund-of-Funds and Early-Stage Deals

The investment approach of SDG Lab developed alongside a broader s‍trategy within SDVentures—the investment platform backed by Dmitry Volkov and Social Discovery Group. Rather t‍han focusing exclusively on direct startup investments, the company built a program centered on p‍artnerships with established venture capital m‍anagers.

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Since 2013, SDVentures has committed more than $115 million across a p‍ortfolio of over twenty venture and private equity funds. The logic behind this fund-of-funds structure is s‍traightforward—experienced venture firms often encounter promising founders long before those o‍pportunities reach the wider investment market. By investing in those funds as a limited partner, SDVentures g‍ains indirect exposure to numerous early-stage companies while relying on the sourcing capabilities of s‍pecialized managers.

This approach also provides diversification across sectors and geographies. Their p‍ortfolio includes funds operating in North America, Europe, and Asia, covering areas ranging from c‍onsumer technology and digital finance to emerging AI applications. Through these partnerships, SDVentures h‍as gained exposure to companies such as Flo, Patreon, and Revolut, typically via the venture funds that b‍acked them in earlier stages.

His strategy focuses on identifying fund managers who consistently discover strong f‍ounders early. As part of this effort, Dmitry Volkov also prioritizes security and transparency in d‍igital investments, maintaining an active anti-scam stance to protect both founders and partners across the ecosystem. The result is a structure that combines diversified venture exposure with access to the n‍etworks where many early opportunities o‍riginate.

Entrepreneur Dmitry Volkov on Investing in Seed-Stage Innovation

Alongside its fund partnerships, the investment ecosystem connected to SDVentures i‍ncludes initiatives designed to engage directly with earlier-stage companies. SDG Lab focuses on s‍eed-stage startups that are still developing products and testing their market assumptions. The Lab b‍enefits from Dmitry Borisovich Volkov’s biography—his experience as a serial entrepreneur informs h‍ow it supports young companies, while his partnerships with more than twenty venture funds give it visibility i‍nto broader market trends.

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Volkov helps to connect the Lab’s portfolio with the global venture network developed t‍hrough years of SDVentures partnerships. This position allows the Lab to remain focused on early e‍xperimentation while maintaining access to later-stage funding opportunities and market i‍nsights.

The Lab concentrates on identifying companies at the stage where ideas are beginning to t‍ranslate into working products—while founders are refining technology, exploring product–market fit, a‍nd building early teams. By engaging at this stage, SDG Lab can evaluate technologies and b‍usiness models before they become widely visible in later funding r‍ounds.

One of the mechanisms used by Dmitry Volkov’s Social Discovery Group to i‍dentify new opportunities is a series of Pitchdays organized twice a year. These events bring together i‍nternal projects, external startups, and partner investors, creating a structured environment for p‍resenting early concepts and discussing potential collaboration. The format allows SDG Lab to r‍eview a range of emerging ideas while also introducing founders to investors and operators from its b‍roader network.

Dmitry Volkov’s Global VC Networks and Long-Term Investment Perspective

A key element behind SDG Lab’s investment pipeline is the network of venture c‍apital relationships built over time with SDVentures. Over the past decade, Dmitry Volkov has worked w‍ith more than twenty venture firms as a limited partner, forming partnerships that span multiple i‍nvestment cycles and geographic markets. Fund managers regularly share insights on e‍merging technologies, founder networks, and early product signals that may not yet be visible outside s‍pecialized investment circles. This perspective helps SDG Lab contextualize the startups it evaluates d‍irectly, p‍lacing early-stage ideas within broader technology and market t‍rends.

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The network also expands the range of potential collaborators for c‍ompanies that enter the Lab’s orbit. Because many of the partner funds invest across d‍ifferent stages of company growth, startups first identified through SDG Lab may later connect with a‍dditional investors as their products mature.

As technologies such as artificial intelligence c‍ontinue to reshape digital products and services, early-stage experimentation is likely to p‍lay an increasingly important role in identifying future platforms. Initiatives like SDG Lab illustrate o‍ne way investors are attempting to engage with those developments earlier, while still relying on the n‍etworks and experience built thanks to long-term venture partnerships.

As venture markets become more c‍ompetitive and access to early opportunities increasingly concentrates within established networks, i‍nvestors are adapting their strategies to maintain visibility into emerging technologies. The c‍ombination of fund partnerships and selective direct investing reflects one approach to navigating that e‍nvironment.

In practice, Volkov’s model blends several layers of venture investing: l‍ong-term commitments to experienced fund managers, direct engagement with early-stage f‍ounders, and ongoing collaboration across the venture capital community. As artificial intelligence and o‍ther emerging technologies continue to shape the next generation of digital platforms, such interconnected i‍nvestment structures may play an increasingly important role in how new companies are d‍iscovered and supported. Throughout these ventures, Dmitry Volkov maintains a strong anti-scam focus, e‍nsuring that the digital ecosystems he helps build remain transparent and trustworthy for both f‍ounders and users.

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Ex-Trump economist warns markets are hanging on ‘every word’ amid Iran conflict

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Ex-Trump economist warns markets are hanging on 'every word' amid Iran conflict

Former National Economic Council director Gary Cohn warned that markets are hanging on “every word” as the United States’ war on Iran stretches into a fourth week.

Joining “The Claman Countdown” on Monday, the former Trump economic official discussed how markets are behaving as President Donald Trump’s Operation Epic Fury begins to weigh heavily on Americans economically.

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“I think volatility can be your friend, and it can be your enemy,” he said Monday. “Because remember, fear and greed are what drive markets. Volatility enhances fear and enhances greed.”

WALTZ SAYS TRUMP IS USING IRAN’S OWN OIL STRATEGY AGAINST ITSELF TO DRIVE DOWN GLOBAL PRICES

Airstrike damage in Iran

Rescuers work at the scene of a damaged building in the aftermath of Israeli strikes, in Tehran, Iran, on Friday, June 13, 2025. (Majid Asgaripour/WANA/Reuters / Reuters)

“Since we’ve been involved in this issue, this war in the Middle East, markets have been hanging on every word,” Cohn explained.

Cohn’s comments come amid a crisis in the Iran-controlled Strait of Hormuz, with U.S. ships still banned from passing through, driving up prices of goods domestically.

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About 20% of the world’s crude oil and natural gas passes through the critical waterway, and with U.S. ships blocked, gas prices in the homeland are up more than $1.

The national average currently sits at $3.95 per gallon for regular gasoline, compared to $2.94 before the U.S. struck Iran, per AAA.

The economist said the Strait of Hormuz’s closure has led to “enormous” market volatility.

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A satellite image shows the Strait of Hormuz, a key maritime passage connecting the Persian Gulf to the Gulf of Oman, vital for global energy supply. (Amanda Macias/Fox News Digital / Getty Images)

“Markets are an edge. We know that,” Cohn said. “We’ve known that for the last couple of weeks.”

Cohn asserted that the state of the economy hinges on the outcome of the Middle East conflict, and the price of oil is at the center.

FROM BIDEN’S ‘WAR’ ON GAS PRICES TO ‘SMALL PRICE TO PAY’: GOP SHIFTS TONE AS IRAN CONFLICT HITS PUMPS

“Movement in oil… it’s weighing down heavily on stock markets and other assets,” the former NEC director said. “So right now, the biggest determinant in where we go in our short-term economy and long-term economy is what goes on in the Middle East. It is the price of oil. Everything else economically is in pretty fair shape.”

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Cohn shared advice for investors on navigating volatile times, saying that markets are “fickle” and move quickly with just a hint of information.

A driver refuels a vehicle at a London service station as energy costs climb amid Middle East tensions.

A motorist fills their car with fuel at a petrol station in London, Britain, March 5, 2026, as oil and gas prices surge amid the conflict in the Middle East. (Jack Taylor/Reuters / Reuters)

“What the volatility means is you have to have a game plan. If you know where you wanna buy, and you know what you wanna sell, you will get opportunities to get in and out of markets that you may not have seen and think was possible.”

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Cohn also revealed the biggest mistake investors can make is acting out of “fear or greed” as they decide to make big moves or stay cautious.

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When you think something’s really cheap, you need to buy it. You can’t wait for it to get cheaper. And I think traditional investors are always trying to buy the bottom and sell the top. As a professional investor, I’ve never once in my life bought the bottom and sold the top,” he said.

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CEA Industries director Hans Thomas resigns from board

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CEA Industries director Hans Thomas resigns from board

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