Iran Requests talks to ease tensions with Israel. It was reported that they are ready to resume nuclear talks with the United States as long as the United States does not join Israel's military actions, sending markets risk-on.

Whether the United States will engage militarily further is still unclear as officials refrain from commenting, but given President Trump's tone, it seems unlikely that Washington will become militarily involved.

VIX remains below 20, but OVX stays elevated, leaving the outlook still uncertain.

The risk of blocking the Strait of Hormuz has risen somewhat from President Trump's call to evacuate Tehran, but has fallen to about 30%, and the escalation threat appears to be diminishing.

United States

Today there is an announcement of retail sales,yesterday's articleas noted, market expectations are for either in line with forecasts or slightly below, implying downward pressure on U.S. rates. It is expected to hover around 4.46% to 4.4%.