CNBC Daily Open: A Singapore ship goes down as Hormuz risks rise

KARAJ, IRAN - OCTOBER 2: Zolfaghar ballistic missile and military equipment used by Iranian forces are showcased Anadolu | Anadolu | Getty ImagesHello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC's Daily Open.Tensions in the Strait of Hormuz have risen after a Singapore registered ship was sunk in the critical waterway, and Iran said it was "counting the moments" until it can strike U.S. warships. Oil markets responded to mounting worries, with prices of the critical commodity extending gains, while U.S. President Donald Trump's deal with Russia for supplying diesel is unlikely to materially impact prices.What you need to know todayA major escalation in the Strait of Hormuz has seen a container ship sunk in the waterway, as Iran escalated its attacks on commercial vessels.The GFS Pride, registered in Singapore, sank after it was struck by an unidentified projectile and caught fire. The ship's 21 crew members were safely evacuated and no injuries were reported, according to the Maritime and Port Authority of Singapore."Such attacks are unprovoked, unjustifiable and a breach of international law," the Singapore maritime authority said in a statem...