With tomorrow’s core Consumer Price Index report set to test the Federal Reserve’s latest thinking, traders are watching Chair Kevin Warsh’s next signals after the S&P posted back-to-back losses weighed by tech selling and Iran uncertainty. The index finished the session at 7,728.20 while the VIX settled at 15.28. Oil climbed to $83.46 a barrel as vessel traffic through the Strait of Hormuz sank to just six ships Monday, the latest sign that hopes for any quick U.S.-Iran deal have faded again. Bitcoin rose to $63,662 and gold held steady near $4,427 an ounce. In the Gulf of Oman, U.S. Central Command says an MH-60 helicopter fired two Hellfire missiles into the engine room of a Panama-flagged cargo ship that ignored warnings and tried to breach the blockade of Iranian ports. Centcom has now redirected 55 commercial vessels, disabled three non-compliant ships, and boarded two others since the blockade began in April. Looking toward Asia, investors are positioning with those tensions still high as the new escalation adds fresh risk premium to energy routes and shipping costs. The S&P 500 was at 7,728.20; the VIX at 15.28; oil at $83.46 a barrel; gold at $4,427 an ounce; Bitcoin near $63,662; and Ethereum at $1,879.
Condor Studio News · 4:00 PM Central · Aug 11, 2026.