European Banks Post Strong Earnings Amid Rising Oil Prices and Hormuz Blockade Concerns

European banks have reported a bumper set of earnings this morning, with profits beating expectations. However, they are also warning of the future effects of the ongoing Hormuz blockade on their operations. Oil prices remain firmly in triple digits as the squeeze on supply intensifies. Meanwhile, U.S. President Donald Trump's visit to the UK includes a gift of a model ship named HMS Trump, adding a personal touch to diplomatic engagements.