Stocks Head for Correction on Fear of Iran Escalation | The Pulse 03/23/2026

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European stocks slumped, with the Stoxx 600 entering a technical correction, after Iran carried out fresh strikes across the Persian Gulf. This after US President Donald Trump set a 48-hour deadline for Tehran to reopen the Strait of Hormuz or face attacks on its power plants. Poste Italiene has made a €10.8 billion bid to take full control of Telecom Italia. If it goes through, the deal would return the former Italian phone monopoly to government ownership three decades after its privatization. New York's LaGuardia Airport was closed after a fatal crash involving an Air Canada Express plane and a ground vehicle. The pilot and co-pilot of the plane were killed. It's the third major commercial aviation accident on US soil in 15 months. Today's guests: Seema Shah, Principal Asset Management, Chief Global Strategist; Odile Renaud-Basso, European Bank for Reconstruction and Development President; Roxane Farmanfarmaian, University of Cambridge Lecturer --- "The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Chapters: 00:00:00 - The Pulse with Francine Lacqua 00:00:26 - Trump, Iran hurl war threats with Hormuz crisis building 00:02:43 - Iran roundtable: Principal AM's Seema Shah & Bloomberg's Paul Wallace 00:15:11 - UBS CEO: Energy prices likely to remain high 00:17:28 - Odile Renaud-Basso, European Bank for Reconstruction and Development President 00:24:00 - Monday headlines 00:25:04 - Roxane Farmanfarmaian, University of Cambridge Lecturer 00:32:32 - Iran war premium pushes some oil products to over $200 a barrel 00:36:46 - Poste launches €10.8B offer for Telecom Italia 00:39:21 - European elections in focus 00:43:45 - LaGuardia airport shut until 2pm ET after deadly collision 00:45:51 - Monday top stories -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts