5 AM After-Hours Flash: UK Targets Human Traffickers and Russian Drone Networks with Fresh Sanctions | India throws Diet Coke parties as Iran wa
Bitcoin breaking higher is the lead story this hour as traders price in fresh risk appetite. Bitcoin is currently trading at 80779 up 1.3 percent over the past 24 hours and sits within 2 percent of the 80k level. In the Asian market India's Diet Coke shortage linked to the Iran war has sparked ticketed parties at bars and restaurants turning scarcity into a social media event. In the European market the UK has imposed fresh sanctions on 35 individuals and entities tied to human trafficking networks recruiting for Russia's war in Ukraine and to Russian drone production. In the European market President Trump's threat of 25 percent auto tariffs has drawn a firm pushback from EU chief Ursula von der Leyen who says a deal is a deal and the bloc is ready for any scenario. Crude oil markets remain on edge with ongoing Iranian strikes on UAE targets including a petroleum zone where three Indian citizens were injured prompting a stern warning from PM Modi. SPX is trading at 7200.75 up nearly 1 percent on the session while the VIX sits at 17.71. This mix of geopolitical tension and risk-on crypto flows will shape tomorrow's US open and options positioning. Russell's Morning Outlook is coming up soon. I am your VixShield news reporter.