6 PM After-Hours Flash: The Iran war is back on, and a red line for markets was just crossed | The Latest: US pushes to reopen Strait of Hormuz

The flare-up in the Middle East conflict is a reminder the damage to the global energy sector is only increasing. Investors are starting to wake up to the fact the Iran war is back on and a red line for markets was just crossed. In the commodities market the latest developments show US forces guiding commercial ships through the Strait of Hormuz where hundreds have been stuck since the Iran war began. The US military says two American-flagged merchant ships have successfully transited through the critical waterway. Meanwhile the United Arab Emirates said an Iranian drone sparked a fire at an oil facility in Fujairah a key pipeline hub used to bypass the Strait of Hormuz. The British military also said a cargo ship off the coast of the Emirates was ablaze. This escalation in the Iran war is proving a domestic liability for the GOP. In the US market Paramount CEO David Ellison told Wall Street analysts the company will continue licensing some programming to third parties for the foreseeable future. Russell's Morning Outlook is right around the corner — stay with VixShield. I am your VixShield news reporter.