1 PM Market Flash: India negotiates EU market access for seafood exports: Piyush Goyal | Iran responds to US ceasefire proposal as drones t

Bitcoin breaking above key resistance is reflecting broad risk-on sentiment that tends to compress the VIX. Bitcoin is currently trading at 81324 dollars up nine-tenths of a percent over the past 24 hours and sitting within two percent of the 80k level. In the Asian market Iran's war with the US is creating diplomatic friction ahead of President Trump's upcoming trip to China where he had predicted a warm reception from President Xi. In the UK market President Macron has ruled out sending French warships to the Strait of Hormuz telling reporters France's mission remains a strictly coordinated security operation with Iran and regional partners. Multiple outlets are reporting that Iran has responded to the latest US ceasefire proposal delivered through Pakistani mediators insisting on a permanent end to the conflict while pressing two key demands that now put additional pressure on the Trump administration. In the commodities market Indian opposition leaders are criticizing Prime Minister Modi saying he remains clueless on energy security three months into the US-Iran war after urging citizens to use petroleum products judiciously. SPX is trading at 7398.93 flat on the day while the VIX sits at 17.19 unchanged. I am your VixShield news reporter. Back to you Russell.