US Stock Futures Slip as Iran Peace Offer Rejected: Markets Wrap
AI Summary
US equity-index futures fell following President Trump's rejection of Iran's peace proposal, leading to a rise in oil prices as the situation in the Strait of Hormuz remains tense. The market's response signals ongoing geopolitical instability affecting investor sentiment.
US equity-index futures edged lower and the dollar rose against most major peers after President Donald Trump rejected Iran’s response to his latest proposal to end the war, prolonging the effective closure of the Strait of Hormuz. Oil climbed.