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Cargo ship struck in Strait of Hormuz amid ongoing Iran war

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Cargo ship struck in Strait of Hormuz amid ongoing Iran war

A projectile hit a Thai-flagged cargo ship off the coast of Oman in the Strait of Hormuz, setting it on fire.

The Iranian regime reportedly claimed responsibility for striking the ship, the Mayuree Naree. The Omani navy was assisting in rescuing crew members amid the blaze, according to Thailand’s Marine Department. Iran has been targeting commercial shipping vessels through the strategic passageway amid tensions surrounding the global energy sector. 

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U.S. Central Command later issued a warning to civilians “that the Iranian regime is using civilian ports along the Strait of Hormuz to conduct military operations that threaten international shipping.” CENTCOM stressed, “This dangerous action risks the lives of innocent people. Civilian ports used for military purposes lose protected status and become legitimate military targets under international law.”

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The Mayuree Naree cargo ship with black smoke

The Thailand-flagged cargo ship Mayuree Naree engulfed in black smoke in the Strait of Hormuz, March 11, 2026. (Royal Thai Navy/Handout via Reuters)

The United Kingdom Maritime Trade Operations (UKMTO) Centre had issued reports earlier Wednesday of ships being struck in the region, including one about a cargo ship reportedly being hit in the Strait of Hormuz.

“UKMTO has received a report of an incident 11NM north of Oman in the Straits of Hormuz. It has been reported that a cargo vessel has been hit by an unknown projectile in the Straits of Hormuz which has resulted in a fire onboard,” the warning stated, with an update noting that the fire was “extinguished.”

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One of the other warnings stated, “UKMTO has received a report of an incident 25NM northwest of Ra’s al Khaymah, UAE. The Master of a container vessel has reported that the vessel has sustained damage from a suspected but unknown projectile.” It also noted, “The Master additionally reports that all crew members are safe and accounted for.”

The rear of the Mayuree Naree cargo ship with black smoke

The Thailand-flagged cargo ship Mayuree Naree engulfed in black smoke in the Strait of Hormuz, March 11, 2026. (Royal Thai Navy/Handout via Reuters)

“UKMTO has received a report of an incident 50NM northwest of Dubai, United Arab Emirates. The Master of a Bulk Carrier has reported their vessel being hit by an unknown projectile,” another warning stated. “The crew are reported safe and well.”

In a Monday Truth Social, President Donald Trump warned of consequences if Iran acts to stop the transport of oil in the Strait of Hormuz.

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OIL SPIKE FADES AS MARKETS REASSESS IRAN WAR SUPPLY RISKS

“If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far. Additionally, we will take out easily destroyable targets that will make it virtually impossible for Iran to ever be built back, as a Nation, again — Death, Fire, and Fury will reign upon them — But I hope, and pray, that it does not happen!” Trump warned in the post.

The deck of the Mayuree Naree cargo ship with black smoke

The Thailand-flagged cargo ship Mayuree Naree engulfed in black smoke in the Strait of Hormuz, March 11, 2026.  (Royal Thai Navy/Handout via Reuters)

Iran’s Revolutionary Guard has said that it “will not allow the export of even a single liter of oil from the region to the hostile side and its partners until further notice,” according to the Associated Press.

Gas prices have been surging in the U.S. as Trump prosecutes the controversial war effort against the Islamic Republic along with the nation of Israel, a close U.S. ally.

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The AAA national average price for a gallon of regular gas is currently $3.578.

Fox News’ Rebekah Castor and The Associated Press contributed to this report.

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Avanos Medical, Inc. (AVNS) Presents at The Citizens Life Sciences Conference 2026 Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Avanos Medical, Inc. (AVNS) The Citizens Life Sciences Conference 2026 March 11, 2026 1:05 PM EDT

Company Participants

David Pacitti – CEO & Director
Scott Galovan – CFO & Senior VP

Conference Call Participants

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Daniel Stauder – Citizens JMP Securities, LLC, Research Division

Presentation

Daniel Stauder
Citizens JMP Securities, LLC, Research Division

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So welcome back to the Citizens Life Sciences Conference. Next up on our MedTech track, we’re joined by Avanos Medical. With us here is CEO, Dave Pacitti; and CFO, Scott Galovan. Gentlemen, thanks for coming. Welcome to Miami.

David Pacitti
CEO & Director

Thank you.

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Question-and-Answer Session

Daniel Stauder
Citizens JMP Securities, LLC, Research Division

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Great. So I guess just to start off, Dave, you’re approaching your 1-year anniversary at the helm. So I just want to give you the opportunity to give your high-level thoughts. What do you think has gone well? What surprised you? What’s been a challenge — you want to take it?

David Pacitti
CEO & Director

Yes, absolutely. So we’ve been excited. We’ve been very focused on execution, as you know. Part of that execution was a cost takeout that we did back in December, really streamlined the business.

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I would say what was surprising to me this year is how much time we spent on tariffs, right? And we talked to you a lot about that as well. And we see the light at the end of the tunnel, and it’s not a train, which is good. A big part of our tariff situation was around syringe products that we made in China. We’ll be out of China by June. It’s actually going quite well. We feel like we’re ahead of schedule. We’re producing those syringes now in Mexico and Cambodia. We’re not selling them yet from there, but the fact that we’re producing them is really good. So that’s been a big part of our

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LARRY KUDLOW: My advice to investors, look through this war and see the prosperity that lies on the other side

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LARRY KUDLOW: My advice to investors, look through this war and see the prosperity that lies on the other side

We all know that crude oil and gasoline prices have jumped up as a result of the Iran war. And to me, it’s a small price to pay for a small bump up in energy costs in order to defeat the barbaric terrorist regime in Iran, and literally change the course of history. Yet economists are still trying to figure out what, if any, impact there will be on inflation and output.

I’ve seen recession scenarios, inflation scenarios, stagflation, you name it, it’s all out there. And I’ve seen lots of comparisons with the oil shock of the 1970s and the early 1990s. Maybe even the Russia shock of 2022. Let me counsel caution, though, in relying on these past episodes to forecast the future. For one thing, this oil shock looks to be very brief. To quote President Trump “the war will be over very soon, because there’s practically nothing left to target.”

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When it’s all said and done, this war might last only four to five weeks, not enough duration to really have any significant impact on the economy. You might see a whiff of energy inflation in the March CPI number, but people are going to look through it. It won’t last. Actually, the exchange value of the dollar has gone up, not down. And unlike the 1970s, there’s no supply shock, because most of our oil is now produced in America and Canada. In fact, the most important thing to remember is how much more oil we produce today than we did way back then. “Drill, baby, drill.” Pure genius from Mr. Trump.

Oil production in the 1970s remained under 10 million barrels a day. Today it’s nearly 14 million. And we don’t have wage and price controls today, or long lines at the pump, because of Trumpian deregulation. So we don’t actually have supply shortages today, we don’t really need Middle Eastern oil, although we are subjected to world oil prices. Gasoline is up about 50 cents a gallon. Big deal. Yes, temporarily that will slightly cut into middle-class wallets and pocketbooks, but it’s also important to remember that as oil producers, the higher price actually benefits parts of the population. It’s not all one-sided lost consumer disposable income anymore.

Now here’s another point, interest rates have not changed significantly. In prior oil shocks, it seemed like rising inflation drove up interest rates, which in turn drove down the economy. The 10-year treasury has hovered just around 4 percent, slightly above. And the 30-year mortgage has stayed around 6 percent. So, we haven’t had a real oil supply shock. We haven’t had a real interest rate shock. And it is likely that energy prices will fall below prewar levels.

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Therefore, Mr. Trump’s One, Big, Beautiful Bill with tax cuts, deregulation, and “drill, baby, drill,” will continue to provide tailwinds for the economy once this war is over. And for investors, I say look through the temporary disruption.

Mr. Trump’s Operation Epic Fury is changing the course of the Middle East and the rest of the world toward freedom. And freedom in the Middle East and everywhere else will bring greater prosperity. So for investors, look through the war and see the enormous prosperity that lies on the other side.

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Stocks Turn Higher. Oil Prices Are Sliding.

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Stocks Little Changed After Fed Decision

Stocks turned higher after a volatile morning for futures carried over into Tuesday’s session.

The Dow was up 250 points, or 0.5%. The S&P 500 was up 0.4%. The Nasdaq Composite was up 0.6%.

Wall Street struggled to gauge the latest comments about the war in Iran from the Trump administration. Futures tracking the major indexes wobbled all morning before stocks fell at the open. The latest turn higher followed another leg lower for oil prices.

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Stryker Hit by Suspected Iran-Linked Cyberattack Causing Global Network Outage

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Stryker Corporation

Medical technology giant Stryker Corp. confirmed Wednesday that it is experiencing a severe global network disruption due to a cyberattack targeting its Microsoft environment, with reports linking the incident to an Iran-backed hacking group amid escalating U.S.-Iran tensions.

Stryker Corporation
Stryker Corporation

The company, headquartered in Portage near Kalamazoo and a major player in surgical equipment, orthopedics, neurotechnology and patient care products, issued a statement on its website acknowledging the attack.

“Stryker is experiencing a global network disruption to our Microsoft environment as a result of a cyber attack,” the company said in an update posted March 11, 2026. “We have no indication of ransomware or malware and believe the incident is contained. Our teams are working rapidly to understand the impact of the attack on our systems. Stryker has business continuity measures in place to continue to support our customers and partners. We are committed to transparency and will keep stakeholders informed as we know more.”

The disruption began early Wednesday, shortly after midnight Eastern time, affecting thousands of employees worldwide. Reports indicate that remote devices including laptops, cellphones and other Microsoft Windows-based systems connected to Stryker’s network were remotely wiped or rendered inoperable. Employees received urgent text messages alerting them to the outage, and some described login pages displaying the logo of Handala, a pro-Iranian hacktivist group.

Handala, also known as the Handala Hack Team, claimed responsibility for the attack on social media platforms including Telegram. In a lengthy manifesto, the group asserted it had delivered an “unprecedented blow” by erasing data from more than 200,000 servers, mobile devices and other systems across Stryker’s operations in 79 countries. The hackers framed the incident as retaliation for U.S. and Israeli military strikes on Iran, specifically citing a “brutal attack on the Minab school” and ongoing cyber operations against the “Axis of Resistance.”

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The Wall Street Journal first reported the suspected Iran link, noting that the attack marked a significant escalation in cyber operations tied to the ongoing conflict. Cybersecurity experts described the incident as a destructive “wiper” attack rather than traditional ransomware, focusing on data deletion and system disruption instead of extortion.

Stryker, which employs approximately 56,000 people globally and reported revenue exceeding $25 billion in 2025, emphasized that no evidence of ransomware or persistent malware had been found. The company stated it was collaborating with partners, including Microsoft, to restore systems and operations. Business continuity plans were activated to minimize impacts on customer support, though the full scope of operational disruptions remained unclear as of late Wednesday.

The attack comes against the backdrop of heightened geopolitical tensions following U.S. and Israeli military actions in Iran that began in February 2026. Iran has vowed retaliation through various means, including proxy operations and cyberattacks. U.S. officials have long warned of Iranian capabilities in asymmetric warfare, including cyber intrusions targeting critical infrastructure and private sector entities.

While Stryker’s core medical devices and manufacturing appear unaffected — with no reports of direct impacts on patient care equipment like defibrillators, hospital beds or surgical tools — the outage disrupted internal communications, remote access and potentially supply chain coordination. Facilities in locations including Ireland, where Stryker has significant operations in Cork employing thousands, reported similar system shutdowns.

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Stock in Stryker (NYSE: SYK) fell about 3.6% on Wednesday amid the news, reflecting investor concerns over potential recovery costs, reputational damage and broader supply chain implications in the health care sector.

This is not Stryker’s first brush with cybersecurity issues. The company has previously issued advisories on vulnerabilities affecting its products, including responses to the WannaCry ransomware campaign and KRACK wireless protocol flaws in certain beds. In 2024, Stryker disclosed a separate data breach involving unauthorized access to internal systems between May and June, notifying affected individuals and regulators. However, the current incident appears distinct, focused on corporate IT infrastructure rather than product-specific vulnerabilities or patient data.

Experts noted that wiper-style attacks, while disruptive, are less common in Western targets compared to espionage or ransomware. Handala has a history of claiming politically motivated operations, often aligned with Iranian interests, though attribution in cyber incidents remains challenging without forensic confirmation.

Federal authorities, including the FBI and Cybersecurity and Infrastructure Security Agency (CISA), have not publicly commented on the Stryker case as of March 12, 2026. However, the incident aligns with broader warnings about Iranian cyber threats to U.S. companies, particularly those in strategic sectors like health care.

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Stryker serves more than 150 million patients annually through its portfolio of medical technologies. The company urged patience as restoration efforts continue and promised further updates. No changes to patient safety protocols or product availability have been announced.

The cyberattack underscores the vulnerability of global enterprises to state-sponsored or affiliated actors in an era of hybrid warfare. As investigations proceed, the incident may prompt renewed calls for enhanced cybersecurity defenses across the medical technology industry.

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Netskope Q4 FY’26 slides: 32% revenue growth, first positive FCF year

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Netskope Q4 FY’26 slides: 32% revenue growth, first positive FCF year


Netskope Q4 FY’26 slides: 32% revenue growth, first positive FCF year

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Medical giant confirms global network disruption amid suspected pro-Iranian hack

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Medical giant confirms global network disruption amid suspected pro-Iranian hack

Michigan-based medical device company Stryker announced on Thursday it is experiencing a “global network disruption” to its Microsoft suite following a cyberattack that may have ties to a pro-Iranian group.

Fox News spoke to a Stryker employee based in Boise, Idaho, who confirmed the attack and said they were unable to access their network. 

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The employee said they were advised to avoid connecting to any Stryker VPN networks or software on any device, and coworkers’ work phones were wiped Wednesday morning. 

Cyber security IT engineer working on protecting network against cyberattack from hackers on internet.

FILE PHOTO – Cyber security IT engineer working on protecting network against cyberattack from hackers on internet.  (iStock / iStock)

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In a message to customers, Stryker confirmed it is experiencing a global network disruption to its Microsoft environment as a result of a cyberattack. 

“We have no indication of ransomware or malware and believe the incident is contained,” Stryker wrote. “Our teams are working rapidly to understand the impact of the attack on our systems.”

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A pro-Iranian hacktivist group later took to social media to claim responsibility for the cyberattack. 

The hackers, who alleged Stryker was a “Zionist-rooted corporation,” claimed 200,000 systems were affected and 50 terabytes of data were extracted.

cyber attack

It is unclear who is responsible for the cyberattack. (Reuters / Reuters Photos)

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Stryker has not yet confirmed the group’s involvement.

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The same hacking group claimed to have breached New York City-based company Verifone, which provides technology for electronic payment transactions to 75% of the top retailers, according to the company’s website.

Ticker Security Last Change Change %
SYK STRYKER CORP. 345.82 -12.87 -3.59%

A spokesperson for Verifone told FOX Business the claims are false.

“Verifone closely monitors the security and integrity of its systems worldwide,” the spokesperson said. “We have observed recent allegations on March 11 from threat actors claiming an intrusion into our systems in Israel. Verifone has found no evidence of any incident related to this claim and has no service disruption to our clients.” 

hacking victim

Additional details about the cyberattack have not been released. (iStock / iStock)

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Stryker did not immediately respond to FOX Business’ request for comment.

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NCR Atleos secures bondholder consent for note amendments

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BOI Confident Middle East Conflict Will Not Impact Investment in Thailand

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BOI Confident Middle East Conflict Will Not Impact Investment in Thailand

Thailand’s Board of Investment believes the Middle East conflict is unlikely to significantly impact overall investment in Thailand. While some areas might experience specific effects, the broader investment landscape remains stable. The board remains optimistic about maintaining investor confidence and continuing to attract foreign investments despite regional geopolitical tensions.

The Bank of Thailand (BOI) has expressed confidence that the ongoing Middle East conflict is unlikely to significantly affect investment in Thailand. According to the BOI, Thailand’s economy is well-buffered due to its diverse investment portfolio and strong economic fundamentals, which offer resilience against external geopolitical tensions. The nation continues to attract investors due to its strategic location and robust infrastructure.

Thailand’s economic stability is further reinforced by its thriving industries, including tourism, manufacturing, and agriculture, which have consistently drawn international interest. The BOI emphasizes that these sectors provide a solid foundation for sustained growth, even amidst global uncertainties. Furthermore, ongoing government initiatives aimed at enhancing economic resilience bolster investor confidence in Thailand’s future prospects.

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The BOI remains proactive in monitoring global situations, ready to implement strategies to mitigate any potential impacts on the economy. By maintaining open lines of communication with stakeholders, the BOI aims to reassure investors of Thailand’s commitment to maintaining a conducive investment environment. This reassured outlook positions Thailand as a reliable destination for investment, insulated from the immediate ripples of Middle Eastern geopolitical unrest.

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Exodus Movement Q4 2025 slides: revenue miss masks full-year growth

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Exodus Movement Q4 2025 slides: revenue miss masks full-year growth


Exodus Movement Q4 2025 slides: revenue miss masks full-year growth

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Hochschild Mining plc 2025 Q4 – Results – Earnings Call Presentation (OTCMKTS:HCHDY) 2026-03-11

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

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Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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