Markets are reacting to rising tensions around the Strait of Hormuz.



US indices pulled back after the open while commodities moved higher as shipping companies started rerouting vessels away from the region.

Gold silver and copper are pulling back even as energy prices see strength. Bitcoin dipped near 66500 but is still up around 5 percent over the past week.

Donald Trump said the time for negotiations with Iran has passed which signals possible escalation. Earlier statements suggested the conflict could be resolved within weeks but that tone now looks harder.
BTC-1,16%
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