UKMTO received a report that a cargo vessel was hit by an unknown projectile in the Strait of Hormuz, which has resulted in a fire on board, while the crew are evacuating the vessel
The incident in the Strait of Hormuz highlights escalating tensions in a key maritime corridor, which is critical for global oil supply.
Newsquawk Daily European Opening News - 11th March 2026
China February vehicle sales fell 15.2% Y/Y vs. 3.2% decline in January, according to industry association
UKMTO received a report that a cargo vessel was hit by an unknown projectile in the Strait of Hormuz, which has resulted in a fire on board, while the crew are evacuating the vessel
Qatar's Ministry of Defence announces response to a missile attack, while there were reports of explosions heard in Doha
Japan's government is considering measures amid Middle East tensions and will announce gas and utility price measures at an appropriate time, according to Nikkei
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The attack could lead to increased volatility in oil prices and heightened risk perception in the markets. Traders should monitor how this situation develops, as it may spur further geopolitical risks affecting related assets such as oil, gold, and safe-haven currencies.
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