New week, same story. And it’s getting worse.

Brent crude is up 60% in March, the largest monthly jump since Iraq invaded Kuwait in 1990. Asia is absorbing most of the pain.

Japan’s Nikkei down 14% for the month. South Korea off 4.2% today alone. S&P and Nasdaq futures extending losses. Europe sliding at the week’s open.

The regions most dependent on Middle Eastern energy are getting hit hardest, and there’s no resolution in sight.

This is not a correction. It’s a global repricing of energy, inflation, and growth, all at the same time.

Source: Reuters