The soundtrack of the morning: booms and public safety alerts

Good morning, wonderful people. It’s our last issue before we slide into Eid El Fitr, and the soundtrack to this morning’s issue is courtesy Baby Ayatollah in Tehran, with two booms and two public safety alerts before sunrise. (At least the pre-9am alerts are now a bit less shrill than before…)

We have zero clarity on how much longer the war might last as this third week hurtles to a close, but regional markets are showing signs traders think we’ll be at it for a while yet. We’re hoping for a bit of respite over this long weekend.

Happy Eid, everyone. Monday is a national holiday in Saudi Arabia and Egypt — though not for those of us in the UAE. We’ll be back in your inboxes on Wednesday, 25 March. –Patrick and Salma