Geo-Political
Iran strikes commercial ships in the Strait of Hormuz

Bloomberg carried a story by an Axios reporter late Monday, citing a US official, that Iran fired at least two missiles at commercial ships transiting through the Strait of Hormuz.
Two commercial ships were hit and suffered significant damage, but no casualties were reported, the Axios reporter said.
The UK Maritime Trade Operations (UKMTO) also reported that a tanker was reportedly hit by an unknown projectile on the port side, causing a fire, whilst travelling southbound.
Market reaction
WTI, the US oil benchmark, is drawing support from renewed tensions in the Strait of Hormuz, up 0.73% on the day to intraday highs near $69.20 at the time of writing.
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