Russian Deputy Prime Minister NOVAK said Ukraine struck two Russian refineries today, one in Saratov region and the other in Ryazan region.

UKMTO said reporting was delayed due to an incident in the Strait of Hormuz.

U.S. equities opened lower after CPI accelerated. At the open the Dow Jones Industrial Average was down 0.15%, the S&P 500 fell 0.40% and the Nasdaq Composite slid 0.65%. Memory and storage names led losses: SanDisk (SNDK.O) down about 3%, SK Hynix (SKHY.O) down 3.5%, Western Digital Corp (WDC.O) down 1.7% and Micron Technology (MU.O) down 1.9%. The Nasdaq Golden Dragon China Index was down 0.2%.