Eric Criscuolo breaks down a volatile week driven by escalating conflict in Iran and wild swings in oil. Crude’s surge and mounting risks in the Strait of Hormuz pressured equities, even as mega‑cap tech held up. Yields jumped and the dollar strengthened as war‑flation fears cut expectations for Fed easing. Sector performance diverged sharply, with energy leading and financials lagging. With major central bank decisions ahead, markets remain hypersensitive to geopolitical headlines and policy shifts.