Iran Says Deal With Oman Close, But It Doesn’t Mean the Strait of Hormuz Will Open To All Traffic

Futures Hit New Record High On Strong Earnings Following Historic Call Buying Frenzy S&P 500 futures are up following yesterday’s first ATH since June; both tech and small caps are lagging, pointing to another potential broadening. A jump in US tech stocks is holding too, with Nasdaq-100 contracts rising after a 3.3% surge in the session before, powered by semiconductor stocks and blowout Palantir earnings. S&P futures are up 0.4%, just shy of 7800, a new all time high, while Nasdaq futures underperform, rising 0.2%, as results from AMD and...

Futures Jump As Dip-Buyers Return After After Iran Truce Holds Stock futures are higher, completely reversing yesterday's drop with dip-buyers out in force as a fragile ceasefire between the US and Iran held after a day of clashes and sentiment is helped by a pullback in oil prices, with Brent crude futures down 1.4% as well as the US move to return 22 Iranian crew from a seized vessel. The conflict “might need to escalate in order to de-escalate,” making any market weakness a chance to add positions in stocks, according to JPMorgan strategists who...

Iran War Until 2029? Vance, Rubio Privately Warn Trump It Could Drag Through End Of His Term President Trump on Wednesday told reporters to expect more US attacks on Iranian tankers, as the war over the Hormuz Strait continues to escalate in piecemeal tit-for-tat fashion.  "The attacks are made by us. We’ve knocked out nine of their ships. I would say that the attacks are caused by us, and you’re going to see a lot more," the president told reporters on Wednesday, adding that many of the Iranian tankers are "donezo" -...