Global markets plunge as Iran conflict triggers biggest financial shock in four years

African News Agency | 08.03.2026 17:44
Financial markets record biggest downturn in four years. Financial markets across the board experienced their fourth black swan movement over the last five years last week after the sudden attack of US and Israel on Iran the on Saturday February 28, 2026. A black swan event is an unpredictable, rare occurrence with a severe, widespread impact that is often wrongly rationalised in hindsight as having been foreseeable.