Iran’s Fars News Agency claimed two missiles struck a vessel navigating the strategic Strait of Hormuz this morning.
This sudden geopolitical friction immediately pressured European equities, sending major indices into a sharp, visible decline.
The US Dollar Index climbed 0.3% to 98.542, outperforming a basket of six major global currencies.
Simultaneously, the pan-European STOXX 600 dropped 0.9% as traders reassessed the risks to international trade routes.
The blue-chip Euro STOXX 50 faced even steeper losses, falling 1.7% during a volatile afternoon session.
Sellers also dominated the fixed-income market, pushing the benchmark German 10-year bond yield up to 3.082%.
Rising yields reflect a direct tumble in bond prices as capital flows toward more liquid, stable alternatives.
Market analysts expect continued currency fluctuations while officials investigate the veracity of these initial maritime reports.
