[MARKET UPDATE] Energy benchmarks continue to climb after the recent UK MTO updates. Pressuring fixed income, lifting yields and supporting the USD in turn. Additional pressure seen in equity benchmarks as well.

In the last hour, there have been two MTO updates: Reported incident involving a tanker transiting the Strait of Hormuz. Tanker was struck by an unidentified projectile and is believed to have structural damage. Report of another incident involving a tanker in the Strait of Hormuz; tanker was struck by an unknown aerial vehicle, and the vessel is continuing to its next port of call