Latest Market Alert | 13 July 2026
Executive Summary
The conflict between the United States and Iran intensified overnight following further U.S. strikes on Iranian military targets and renewed Iranian attacks across the Gulf region. Reuters reports that Iran claims the Strait of Hormuz has been closed, although U.S. officials continue to state that commercial shipping is still being escorted through the waterway despite significantly reduced traffic.
Why it matters
The widening conflict is increasing geopolitical uncertainty across one of the world’s most strategically important energy corridors, raising risks for shipping, insurance, global trade and commodity markets.
UK impact
UK businesses dependent upon imported goods, marine transport and global supply chains could face higher freight costs, increased insurance premiums and renewed inflationary pressures.
Global impact
Around one-fifth of globally traded crude oil normally passes through the Strait of Hormuz. Any sustained disruption threatens energy supplies, global trade flows and financial market stability.
Our View
The commercial risks now extend well beyond energy markets. Businesses should continue monitoring shipping exposure, supply chain resilience and geopolitical developments as the conflict becomes increasingly regional.
Risk Indicator: VERY HIGH
Disclaimer
The information contained within this Market Alert is provided for general market awareness and informational purposes only. It does not constitute financial, investment, legal or insurance advice, nor should it be relied upon when making commercial or investment decisions. Whilst every effort has been made to ensure the accuracy of the information at the time of publication using reputable sources, market conditions can change rapidly. Readers should seek appropriate professional advice before acting on any information contained herein.
Invictus Risk Solutions LLP – Helping organisations stay ahead of emerging risks through informed insight and independent analysis.