(March 11): The UK Navy said three vessels were hit with suspected projectiles in the Strait of Hormuz and Persian Gulf on Wednesday, as the conflict in the region continues to menace shipping. A fire aboard the cargo ship has been extinguished and there’s no environmental impact at this time, it said. The near-standstill has forced some of the biggest Gulf producers to lower oil output as storage tanks start to fill. The US has promised naval escorts to secure shipping in the region but hasn’t yet conducted any such operation. The White House on Tuesday refuted a since-deleted social media post by Energy Secretary Chris Wright that said the US Navy successfully escorted a tanker through the strait.

Source: The Edge Markets March 11, 2026 09:36 UTC