Form 4 Globe Life Inc For: 4 March

Global markets experienced significant volatility on March 4, 2026, as oil prices surged amid escalating tensions in the Strait of Hormuz that threatened vital supply routes, with Goldman Sachs raising its price forecasts and South Korean authorities temporarily halting trading as the KOSPI index plummeted over 11%. The surge in oil prices came as the conflict in the strategic waterway entered its fifth day, disrupting global energy markets and causing widespread concern among investors about potential supply disruptions. Goldman Sachs analysts revised their upward price projections citing both the geopolitical tensions in the Hormuz region and unexpectedly lower-than-expected inventory levels worldwide, sending ripples through energy markets with crude futures climbing to multi-month highs. The market turmoil was particularly acute in South Korea, where the main KOSPI index plunged more than 11%, triggering temporary trading halts as panic selling swept through Asian markets, reflecting heightened investor anxiety about the potential economic fallout from higher energy prices.