The ongoing conflict in the Middle East, which has now entered its 16th day, is putting pressure on Argentine assets as international markets react to geopolitical instability. Although Argentine stocks and bonds initially displayed resilience at the beginning of March, they faced significant declines this past Monday, with country risk surging towards 600 points, marking its highest level since mid-December. By midday, the risk eased slightly to 598 points, but the volatility in the market underscores investor anxiety.

On the same day, Wall Street began positively with the Dow Jones Industrial Average gaining 0.71%. However, the optimism was short-lived as uncertainties surrounding Iran's actions in the Strait of Hormuz led to a reversal in market trends, causing major indices to dip into negative territory, including a notable decrease in the Nasdaq by 0.6%. This illustrates the interconnectedness of global events and their immediate effects on regional markets.

Investor attention remains fixated on the conflict involving the United States and Israel against Iran, as developments are likely to impact not just local but also international markets, reflecting a broader anxiety over geopolitical stability. The continuing conflict is a reminder of how international affairs can directly influence local economies, particularly in emerging markets like Argentina, which are often more sensitive to global financial fluctuations.