6 PM After-Hours Flash: US awaits Iran reply as fragile calm holds in Strait of Hormuz | WRAPUP 5-US, Iran no closer to ending war as Qatari tan
Bitcoin breaking higher is lifting risk sentiment as traders position for the Monday open. Bitcoin is trading at 80783 up 0.6 percent over the past 24 hours and remains within 2 percent of the 80K level. In the Asian market traders are watching fragile calm in the Strait of Hormuz after days of flare-ups that raised fears of wider conflict and energy supply disruption. Iran’s Revolutionary Guard navy warned that any attack on its oil tankers or commercial vessels would be met with heavy assault while the US awaits Tehran’s reply to the latest proposals aimed at ending more than two months of fighting. SPX closed the week at 7398.93 with the VIX holding at 17.19. Oil markets are on edge as any escalation could spike the geopolitical risk premium. Russell's Morning Outlook is back Monday — stay with VixShield. I am your VixShield news reporter.