8 AM Market Flash: Dow Jones Futures: Market At Highs With Iran, Trump-Xi Summit In Focus; Apple, Nvidia, Boeing In Buy Areas | Iran war wi
Geopolitical tensions in the Strait of Hormuz are sending shockwaves through energy markets and keeping risk sentiment on edge. Iran has called US strikes a reckless military adventure as clashes test a fragile ceasefire with its foreign minister saying Washington chooses confrontation over conversation. The UK is moving a warship to the Middle East in preparation for a potential European-led mission to escort tankers once a stable ceasefire is in place. Oil executives warn an Iranian blockade has already cost nearly a billion barrels of supply with the shortage growing worse by the day. In the Asian market India's Vedanta is urging faster domestic resource production to cut import dependence amid those global supply risks. Bitcoin is trading at 80351 up 0.2 percent over the past 24 hours as traders weigh the latest headlines against broader risk-off flows. SPX is trading at 7398.93 unchanged on the session while the VIX sits at 17.19. I am your VixShield news reporter. Back to you Russell.