Geo-Political
UKMTO reports incident in the Strait of Hormuz — Reuters

The UK Maritime Trade Operations (UKMTO) said that it has received a report of an incident in the Strait of Hormuz, Reuters reported on Tuesday.
UKMTO said that company security officer has reported that the vessel was struck by an unknown projectile while conducting an outbound transit of the critical waterway.
The agency stated impact caused damage to the engine room and resulted in a crew casualty, adding that remaining crew are currently being assisted by the omani coast guard.
Market reaction
At the time of writing, the West Texas Intermediate (WTI) is up 0.15% on the day at $84.25.






