Lloyds (LSE:LLOY) has seen its share price rise an impressive 7.4% over the past month. Considering the fresh threats prompted by the Iran war — and following the stock’s stunning gains ascent in 2025 — it’s a remarkable rise in my view.

My opinion remains unchanged, however. In the current climate, and trading at 101.7p, Lloyds shares are in danger of a fierce correction. And my pessimism has risen further after fresh news on Tuesday (14 April) emerged.

So what’s happened?

Like any retail bank, Lloyds is at the mercy of broader economic conditions. When the economy slows and consumers feel the pinch, demand for credit cards, loans, insurance, and other discretionary…