Morning Brew Daily Investors Lose Patience with Iran War & TSA Workers Finally Get Paid
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Mar 30, 2026 Markets spiral as investors finally react to war-driven oil and inflation fears. Airport chaos takes center stage with TSA pay restored but staffing still stretched. There is also a look at whether AI could cool political polarization, plus the surprisingly intense world of competitive jigsaw puzzling.
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Markets Finally Price In the Iran War Shock
- Investors stopped treating the Iran war like a brief scare and started pricing in a real economic shock.
- Neil Freeman said the Strait of Hormuz closure removed nearly 20% of oil and gas, while Toby Howell said oil and stocks moved opposite in 12 of 13 sessions.
Oil Shock Revives Fear of Fed Rate Hikes
- The market now fears inflation from oil could force the Fed to hike rates instead of cut them.
- Toby Howell said there is a 40% chance policy rates end the year higher, and mortgage rates jumped from 5.99% in February to 6.62% last week.
Pay Restored but TSA Staffing Crisis Will Linger
- Restoring TSA pay may ease airport chaos, but staffing damage from the shutdown will linger for months.
- Nearly 500 agents quit since mid-February, training takes four to six months, and airports like Atlanta, Houston, and Baltimore saw extreme call-out rates and multi-hour lines.