Markets remain focused on geopolitical risks around the Strait of Hormuz, one of the world’s most critical oil shipping routes.
The US military reported destroying Iranian vessels suspected of preparing to lay naval mines near the strait, while Washington warned Tehran against attempts to disrupt maritime traffic. Another container ship was reportedly damaged by a missile near the United Arab Emirates, highlighting the growing risks for global trade routes.
🛢 Oil markets remain extremely sensitive to developments in the region. At the same time, the International Energy Agency is reportedly considering a large coordinated release of strategic oil reserves, which could help stabilise supply if tensions escalate further.
📈 Asian markets rose despite the geopolitical backdrop. Japan’s Nikkei moved above the 55,000 level, while Chinese equities also gained, supported by strength in the new energy technology sector.
💱 In the forex market, the Australian dollar is among the stronger currencies today. Hawkish comments from RBA Deputy Governor Andrew Hauser increased expectations of possible interest-rate hikes in coming months, supporting AUDUSD.
🏦 In Japan, economists widely expect the Bank of Japan to keep interest rates unchanged at the upcoming meeting, although markets still anticipate gradual tightening later this year.
📊 Today’s key event: the US CPI report for February, which could become the main volatility trigger across currencies, commodities, and equity markets.
⚡ Market focus today: Middle East developments, oil market stability, and US inflation data.
Trade carefully and stay with NordFX 🚀
🌅 Morning Update – March 11, 2026 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.