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UK allows US to use its bases to strike Iran missile sites targeting Hormuz

The UK ⁠government gave authorisation on Friday ⁠for the US to use military bases in Britain to carry out strikes on Iranian missile sites that are attacking ships in the Strait of Hormuz. British ministers met on Friday ‌to discuss the war with Iran and Iran’s blocking of the Strait of Hormuz, according to a Downing Street statement. “They confirmed that the agreement for the US to use UK bases in the collective self-defence of the region includes US defensive operations to degrade the missile...

Mar 20, 2026 &03072020202631; 19:07 UTC www.scmp.com Trending 4/5

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Negative for markets

Sentiment score: -60/100

Moderate impact Short-term (days)

WHAT THIS MEANS

Rule-based L2: BEARISH signal from SCMP Business

AI CONFIDENCE

60% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

↓

Dow Jones

^DJIIndex

Expected to decline

UK allows US to use its bases to strike Iran missile sites targeting Hormuz

PRICE HISTORY

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⚡ SUGGESTED ACTION

Automated signal: BEARISH on primary asset

Analysis generated on Mar 21, 2026 at 15:37 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by SCMP Business. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

UK allows US to use its bases to strike Iran missile sites targeting Hormuz

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