12 AM After-Hours Flash: WRAPUP 2-Trump says ceasefire still holds after fighting between the US and Iran flares | US and Iran exchange fire amid

Escalating conflict between the US and Iran is sending shockwaves through global markets with traders now pricing in fresh risks to oil supplies and broader risk assets. In the Asian market the Sensex and Nifty are extending early losses on weakness in financials and select heavyweights as the US-Iran ceasefire looks increasingly fragile. In commodities Brent crude has climbed above one hundred dollars after Iran fired missiles and drones at US destroyers in the Strait of Hormuz prompting American retaliatory strikes with Tehran accusing Washington of violating the month-old truce. Bitcoin is trading at seventy nine thousand five hundred sixty six down one point six percent over the past twenty four hours as the flare-up in fighting weighs on risk sentiment while SPX sits at seven thousand three hundred thirty seven and VIX holds steady at seventeen point zero eight. Multiple outlets are reporting the exchange of fire marks the most serious challenge yet to the ceasefire that followed joint US-Israeli airstrikes on Iran back in late February. For US options traders this geopolitical premium is the key variable to watch heading into Monday's open. Russell's Morning Outlook is back Monday — stay with VixShield. I am your VixShield news reporter.