Get ready for the brutal market open in just 6 hours.
A lot has happened while markets were closed. And Every single thing that has happened since Friday will affect the market.
- Iran declared the Strait of Hormuz fully open on Friday. Less than 24 hours later they closed it again and placed it back under military control.
- IRGC gunboats fired on a tanker in the strait with no warning. Two Indian flagged vessels were shot at and forced to turn back. A container ship was hit by a projectile off Oman.
- Trump said Iran committed a "serious violation" of the ceasefire.
- Trump threatened to knock out "every single power plant and every single bridge" in Iran if they do not accept the deal.
- Israel carried out strikes in Lebanon despite the 10 day ceasefire. A French UN peacekeeper was killed. Hezbollah accused Israel of violating the truce.
- A senior US official said the war could resume in days if there is no breakthrough.
- Iran says it will NOT send a negotiating delegation. Says No talks "as long as there is a naval blockade"
Markets priced in peace on Friday.
But weekend delivered the opposite. Expect volatility.