Markets
UK Navy Issues Rare Warning to Ships Near Vital Hormuz Strait
Two oil tankers are seen at a distance in the waters of Strait of Hormuz in Hormuz Island, Iran.
Photographer: Kaveh Kazemi/Getty ImagesThe UK Navy issued a rare warning to mariners that higher tensions in the Middle East could impact shipping, including through the Strait of Hormuz.
“UKMTO has been made aware of increased tensions within the region which could lead to an escalation of military activity having a direct impact on mariners,” the advisory said. “Vessels are advised to transit the Arabian Gulf, Gulf of Oman and Straits of Hormuz with caution.”