<div id="readability-page-1">Markets on edge: Global stocks have seesawed after record highs, with oil supply disruptions and shifting Fed expectations driving volatility. Oil crunch impact: The Iran war has cut 20% of global oil supply, pushing inventories toward historic lows and accelerating inflation to multi-year highs. HSBC stays bullish: Despite market jitters, HSBC urges staying long on equities, arguing that current risks are already factored into prices.</div>

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<p>Global markets face volatility due to oil supply disruptions from the Iran conflict, which has reduced supply by 20% and driven inflation to multi-year highs. Despite these macroeconomic pressures and shifting Federal Reserve expectations, HSBC maintains a bullish stance on equities, advising investors that current risks are already priced in.</p>

- Global stocks have experienced volatility due to oil supply disruptions and changing Federal Reserve expectations.  
- The Iran war has led to a 20% reduction in global oil supply, driving inflation to multi-year highs.  
- Despite this uncertainty, HSBC maintains a bullish outlook on equities, suggesting that the current risks are already reflected in market prices.

Oil shock and inflation fears roil global markets