A cargo ship was struck off Qeshm Island in the Strait of Hormuz on Sunday, killing one person and wounding four, Iranian state media said, according to France 24. Tehran blamed a "terrorist enemy," as threats to shipping intensified around Hormuz and the Bab el-Mandeb strait. Oman has postponed talks meant to ease Tehran-Gulf tensions, per the same report.
Markets moved fast. Global air cargo volumes dipped as the conflict returned to shipping lanes, Logistics Middle East reported. Taiwan's stock index plunged 786 points before paring losses, and the Singapore dollar weakened, according to the Wall Street Journal.