7 AM After-Hours Flash: Wajd Life wins SAR 8.94M project from Security Forces Hospital in Makkah | Iran war wipes out 1B barrels of oil supplies

Iran's war with Israel has wiped out more than a billion barrels of global oil supplies according to the IEA... leaving the market facing a deficit for the rest of this year as Middle East production stays disrupted. That risk premium is keeping crude supported even as traders digest Vietnam's plea for the US Navy to let an Iraqi crude tanker pass through the Gulf blockade to feed its Nghi Son refinery. In the Asian market early strength in Bitcoin is holding with the crypto currently trading at 80,795 up two-tenths of a percent over the past 24 hours... a move that typically reflects broader risk-on sentiment that tends to compress the VIX. SPX closed the US session at 7,400.96 while the VIX sits at 17.86 down six-tenths of a percent. Iran's state media says Tehran has laid out five minimum trust-building conditions before it will return to nuclear talks with Washington... a development options desks will watch for any escalation risk into tomorrow's US open. Russell's Morning Outlook is right around the corner — stay with VixShield. I am your VixShield news reporter.