Hyundai Motor top executive says the company will manufacture and sell a battery-electric vehicle in Mexico.

Iran's deputy foreign minister said any closure of the Strait of Hormuz would be intended as self-defense, not to harm friendly countries such as Pakistan.

Oil rose after renewed fighting between the US and Iran — Iran launched a missile strike on US forces in Jordan and US and Saudi forces struck Iran-backed militias in Iraq — lifting inflation concerns and pushing UK government bond yields higher. Tradeweb data showed the UK 10-year gilt yield rose 1.2 bps to 4.969%. Investors await a Federal Reserve rate decision later and the Bank of England's decision on Thursday.