{
  "id": 7195904,
  "title": "Iran says commercial vessel struck in Strait of Hormuz",
  "url": "https://urgent.news/2026/09/13/iran-says-commercial-vessel-struck-in-strait-of-hormuz",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-13T23:06:53.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/iran-says-commercial-vessel-struck-in-strait-of-hormuz-202609132306"
  },
  "original_language": "en",
  "account": "On Saturday, Iranian state media reported that a commercial vessel belonging to Iran was struck in the Strait of Hormuz, resulting in one fatality. This incident occurred amidst the ongoing conflict between the United States and Iran over control of the strategic energy passage. Additionally, the UK Maritime Trade Operations Centre disclosed that another vessel in the strait was hit by an unidentified projectile late on Saturday.\n\nSeparately, Saudi Arabia has encountered increasing attacks from Iran-backed factions, exemplified by a Houthi assault on energy installations within their attempts to dominate a key waterway in the region. This action could further strain global oil prices. In financial terms, the terms \"risk-on\" and \"risk-off\" describe the degree of risk investors are prepared to take during a given period. During a \"risk-on\" market, investors are optimistic about the future and more inclined to purchase risky assets. Conversely, in a \"risk-off\" market, investors tend to adopt a more conservative approach, favoring safer investments that offer a more certain return, even if it is modest.\n\nTypically, during periods of \"risk-on,\" stock markets tend to rise, and most commodities – with the exception of gold – also experience an increase in value, as they benefit from a positive outlook on growth. The currencies of nations that are major commodity exporters strengthen due to heightened demand, and cryptocurrencies also rise. Conversely, in a \"risk-off\" market, bonds often rise, particularly major government bonds, while safe-haven currencies such as the Japanese Yen, Swiss Franc, and US Dollar benefit. The Australian Dollar, Canadian Dollar, New Zealand Dollar, and minor currencies like the Ruble and South African Rand generally rise in \"risk-on\" markets, as these economies rely heavily on commodity exports for growth. Commodities tend to appreciate in value during these periods as investors anticipate increased demand for raw materials due to heightened economic activity.\n\nMajor currencies that tend to strengthen in \"risk-off\" markets include the US Dollar, Japanese Yen, and Swiss Franc. The US Dollar is favored as it is the world's reserve currency and investors often purchase US government debt in times of crisis due to its perceived safety, given the largest economy in the world is unlikely to default. The Japanese Yen gains value from increased demand for Japanese government bonds, as a large proportion are held by domestic investors who are unlikely to sell even in a crisis. The Swiss Franc benefits from strict banking laws that offer enhanced capital protection.",
  "summary": "Iranian state media claimed an Iranian commercial vessel was struck in the Strait of Hormuz on Saturday, killing one person, amid an ongoing conflicts between the United States (US) and Iran for control over the crucial energy chokepoint, CNN reported.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}