UKMTO says it has received a report of an incident 8 nautical miles west of Iran; A master of an outbound cargo ship reports having been fired upon and is now stopped in the water, no reported damage

The report of an incident involving a cargo ship near Iran highlights potential escalations in maritime security, which can directly impact energy markets. With geopolitical tensions typically influencing crude oil prices, traders should monitor the situation closely for any subsequent developments that could affect supply disruptions or risk sentiment.