12 AM After-Hours Flash: Trump refuses to say if US-Iran ceasefire holds after shots fired in Strait of Hormuz | Japan Turns To Russian Oil As Ir
Geopolitical tensions are escalating with fresh exchanges of fire in the Strait of Hormuz casting doubt on any ceasefire between the US and Iran. President Trump declined to confirm whether the ceasefire remains in effect as forces traded shots in the critical waterway. In the Asian market India's condemnation of an attack on Fujairah that injured three of its nationals adds to the urgency with New Delhi demanding an immediate end to hostilities and a return to dialogue. Japan is turning to Russian oil for its first delivery since the Hormuz crisis began signaling deepening energy insecurity as supply chains are disrupted. Asian shares are slipping and oil is paring gains on the uncertainties. Bitcoin is currently trading at 80862 up 0.8 percent over the past 24 hours. SPX closed at 7200.75 up 0.87 percent on the day while the VIX sits at 18.29 up 1.89 percent. This risk premium is something US options traders will watch closely as European pre-market futures open and we head into tomorrow's US session. Russell's Morning Outlook is right around the corner — stay with VixShield. I am your VixShield news reporter.