Monica Ricks

We get more on that from Bloomberg's Ed Kalecki.

The Strait of Hormuz is a major shipping lane for much of the world's crude supply, and economists say oil could soar above $100 a barrel if it shuts down altogether.

Oil markets are closed for the weekend, but Brent crude climbed as high as $73 a barrel on Friday.

Airlines across the Gulf have also suspended much, if not all, operations at some of the world's busiest airports.

Tens of thousands of passengers have been affected so far.

Cryptocurrency traders are keeping a close eye on Bitcoin this morning.

The token rose as much as 2.2% to just over $68,000 yesterday after Iran confirmed the death of its supreme leader.

It's now trading at about $66,000 this morning.

As U.S.

and Israeli bombs fell on Iran this weekend, bettors on PolyMarket were cashing in.

Analytics firm BubbleMaps says six accounts made about a million dollars in profit by betting that the U.S.

would strike Iran by February 28th.

All of the accounts were reportedly created within the last month and only placed bets on when U.S.

strikes could happen, some just hours before explosions started.

Blockchain analysts say similar patterns have been associated with insider trading.

And that's news when you want it with Bloomberg News Now.

I'm Monica Ricks, and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Monica Ricks.

At least nine people have been killed so far in clashes between pro-Iranian protesters and police in Pakistan.