economy
March 4, 2026
Goldman's David Solomon Surprised by ‘Benign’ Market Reaction to Iran War
Goldman chief David Solomon said, 'I think it's going to take a couple of weeks for markets to really digest the implications of what's happened.'
TL;DR
- Goldman Sachs CEO David Solomon is surprised by the 'benign' market reaction to the Iran war.
- Investors are primarily monitoring oil prices, especially concerning the Strait of Hormuz.
- U.S. stocks have experienced volatility, closing lower on Tuesday.
- U.S. Treasury yields are rising, defying typical safe-haven behavior during conflicts.
- Solomon suggests markets need a couple of weeks to digest the full implications.
- Oil prices calmed after Trump offered insurance to tankers, but could surge if the Strait of Hormuz remains closed.
- The conflict is causing investors to demand a higher risk premium for assets.
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