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6 PM After-Hours Flash: Trump Calls Off Iran Strike For Talks | US May Ease Iran Oil Sanctions | Bitcoin Dips As Risk Sentiment Stays Cautious

President Trump is calling off a planned military strike on Iran that was set for Tuesday to give serious negotiations a chance. In a social media announcement the president said he acted at the request of key Gulf allies including the leaders of Qatar Saudi Arabia and the United Arab Emirates even as he warned Tehran the clock is ticking on any deal. This de-escalation comes as reports suggest the US may temporarily ease oil sanctions during talks and as Trump told Fortune magazine that Iran is dying to sign an agreement. In the commodities market traders are watching the potential for lower geopolitical risk premium on crude if these negotiations gain traction. Bitcoin is trading at 76,995 down 1.2 percent over the past 24 hours as risk sentiment remains cautious heading into the US open. SPX closed the regular session at 7403.05 up seven one hundredths of a percent while the VIX sits at 17.82 down 1.49 percent from the previous close. Russell's Morning Outlook is right around the corner — stay with VixShield. I am your VixShield news reporter.

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