French President Macron and UK PM Starmer are to hold a summit today on a plan to secure the Strait of Hormuz and are expected to brief US President Trump following the meeting, according to FT

The summit between French President Macron and UK PM Starmer, focused on securing the Strait of Hormuz, indicates rising concerns over maritime security in a vital oil transit route. This could have immediate implications for energy prices and broader market sentiment, as any escalation in tensions may trigger risk-off behavior among traders, impacting equities and commodity prices, especially oil and gold.