StanChart Profits Rise, Books Iran War Charge

By EC Assets · Published 30 April 2026 · Updated 30 April 2026

Standard Chartered a surge in its latest profits. This increase was partly driven by bond issuance activities in the Gulf region. The bank also registered a $190 million charge related to the Iran war. The conflict in Iran and its regional implications have garnered market attention. The Strait of Hormuz has been a focal point. Its reopening led to a decrease in crude oil prices, reaching five-week lows. The S&P 500 index has shown resilience. It recorded its first intraday and closing record highs since the beginning of the Iran conflict. The index passed 7,000 in a rally, with some market observers suggesting the Iran war is no longer a primary concern for the stock market. However, a volatile situation in the Strait of Hormuz remains a risk for investors. Separately, financial institutions are adjusting operations in the region. Goldman Sachs and Citigroup instructed staff to depart their offices in Dubai. This action follows threats related to Iran. This article is intended for informational purposes only. It does not constitute investment advice.