Daily Market View 14-04-2026

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Daily Market View 14-04-2026
1:27

Chinese tanker heading for showdown with US Navy

1 Minute Market Rundown

  • US sanctioned tanker "Rich Starry", linked to China is transiting the Strait of Hormuz and is moving towards the US blockade 

  • President says that ships ships with Iranian Oil will be interred, with the Rich Starry proving the first test

  • UK inflation outlook shows just how serious a prolonged conflict could be on prices

 

GBP -

No climbdown from the President on his bizarre embargo on Iranian Oil exports, even as a watershed moment possibly approaches in the form of the Chinese flagged tanker "Rich Starry". There will be some within the administration who will be nervous about seizing a Chinese tanker, after the Chinese have kept relatively quiet hitherto regarding the Gulf situation. 

Still, if the President gives the order to let the tanker slip the blockade, it will mark another TACO situation, only with this one with the added humiliation of the Chinese being involved. 

Screenshot 2026-04-14 073736

In the UK however, most focus is off lofty foreign affairs and more on the practical implications of increased energy prices. US CPI leapt from 2.4% to 3.2% just in the month of March. The UK could be facing an even more serious situation, given our lower level of insulation from such crises. A continued escalation could see UK CPI peak up to 5% by 2026, whilst the baseline suggests a peak just over 3%.

Either way makes for bad reading and the UK reading on the 22nd will make for an interesting data point.

 

Markets Today

*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer or check online for a live quote.

Screenshot 2026-04-14 080024

 

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