US stock futures trade mixed as oil prices ease, with S and P and Nasdaq up, Dow slightly down, as markets track US Iran tensions and possible ceasefire talks over the Strait of Hormuz
US Stock Market Live Updates: US stock futures traded mixed on Monday, while oil prices edged lower, as investors continued to track developments in the US-Iran conflict.
Futures linked to the S&P 500 rose 0.1%, while Nasdaq-100 futures gained 0.3%. Meanwhile, Dow Jones Industrial Average futures declined by 64 points, or 0.1%, suggesting a cautious start to the week after recent gains on Wall Street.
Geopolitical developments remained in focus after US President Donald Trump warned of possible strikes on Iran if the Strait of Hormuz is not reopened by Tuesday. Tensions in the Gulf region over the weekend had also added to uncertainty in the markets.
At the same time, reports of diplomatic discussions offered some support. The US and Iran are said to be considering proposals, including a potential 45-day ceasefire. Another plan, reportedly involving regional mediators, includes an immediate ceasefire and the reopening of the Strait of Hormuz.
Oil prices were volatile but slightly lower. US West Texas Intermediate crude traded above $110 per barrel, down around 1%, while Brent crude eased 0.3% to above $108 per barrel.
Overall, markets are likely to remain cautious in the near term, with geopolitical developments and crude price movements continuing to influence sentiment.