Chris Vecchio and Ilya Spivak break down a historic Sunday night market open following the death of Iranian Supreme Leader Ali Khamenei and the U.S. entering conflict with Iran. Crude oil futures surged roughly 11% at the open, gold climbed nearly 2%, and equity futures slipped. With the Strait of Hormuz under threat — carrying roughly 20% of global oil supply — the pair walk through active positioning across crude oil (CLJ6), gold (GCJ6), silver, bonds (ZB), and equity futures (ESM6), while emphasizing thin liquidity and the importance of patience.

Chris Vecchio and Ilya Spivak break down a historic Sunday night market open following the death of Iranian Supreme Leader Ali Khamenei and the U.S. entering conflict with Iran. Crude oil futures surged roughly 11% at the open, gold climbed nearly 2%, and equity futures slipped. With the Strait of Hormuz under threat — carrying roughly 20% of global oil supply — the pair walk through active positioning across crude oil (CLJ6), gold (GCJ6), silver, bonds (ZB), and equity futures (ESM6), while emphasizing thin liquidity and the importance of patience.