12 PM Market Flash: US Quietly Alerted Iran Before Strait Of Hormuz Mission, Told Tehran Not To 'Interfere' | FTSE 100 pulled down by banks
US stocks are pushing higher as traders digest the latest flare-up in Middle East tensions. SPX is trading at 7257.65, up 1.66 percent on the session, while the VIX has eased to 17.45, down 2.79 percent. According to Reuters, the US quietly alerted Iran before a Strait of Hormuz mission and told Tehran not to interfere, yet Iranian forces still carried out attacks on US Navy vessels, commercial ships and targets in the United Arab Emirates. President Trump issued a new warning to Iran, including talk of killing Iranians. In the UK market the FTSE 100 closed down 144.82 points, or 1.4 percent, at 10,219.11, pulled lower by banks on Iran war worries, an HSBC fraud-related loss and rising concerns over energy prices. Bitcoin is trading at 81,549, up 2.3 percent over the past 24 hours, reflecting broader risk-on sentiment that options traders will be watching. I am your VixShield news reporter. Back to you, Russell.