1970s Oil Crisis vs 2026. The Next Black Swan | Page 5

Figure 5: Oil releases, Reuters( https:// www. reuters. com / business / energy / iran-holds-key-reopening-globalenergy-markets-2026-03-15 /)
The US stock market is down roughly 4 % since the start of the war on 28 th February, with the ASX200 down 7 % amid ongoing uncertainty surrounding the longevity of the war, now into the 3rd week of the conflict.
Sources:
1.
https:// www. federalreservehistory. org / essays / oil-shock-of-1973-74
2.
https:// www. federalreservehistory. org / essays / oil-shock-of-1978-79
3.
https:// www. slickcharts. com / sp500 / returns
4.
https:// en. wikipedia. org / wiki / List _ of _ recessions _ in _ the _ United _ States
5.
MacroTrends Graph Data
6.
LSEG News Sources