U.S. futures jump as Iran deal lifts global markets
U.S. stock futures rose sharply early Monday after President Donald Trump said Washington and Tehran had reached an agreement to end the war, easing fears of a wider Middle East conflict and reopening the prospect of steadier energy flows. The rally spread across Asia, where Japan’s Nikkei surged about 5%, while gold also advanced, showing that investors still see risk in a deal that has not yet been formally signed.
Highlights
- Dow futures rose about 440 points, while S&P 500 and Nasdaq 100 futures also climbed.
- Japan’s Nikkei surged about 5% as Asian markets rallied on the U.S.-Iran deal.
- Gold rose near $4,310 an ounce, signaling lingering caution over the unsigned deal.
Futures tied to the Dow Jones Industrial Average rose about 440 points, or 0.9%, while S&P 500 futures climbed 1.14% and Nasdaq 100 futures gained 1.79%. CNBC reported a jump in U.S. futures after Trump said a deal with Iran had been reached, and oil prices dropped as investors priced in a lower risk of prolonged disruption around the Strait of Hormuz.
Asia rallies as oil falls
The strongest moves came in Asia-Pacific markets. South Korea’s Kospi led the regional advance, while Japan’s Nikkei 225 jumped nearly 5%, and the broader Topix gained more than 3%. The rally reflected a broad risk-on move after the proposed U.S.-Iran deal, which included plans to reopen the Strait of Hormuz, one of the world’s most important routes for oil and LNG shipments.
Oil prices moved in the opposite direction. U.S. West Texas Intermediate crude fell nearly 5% to $80 a barrel after Trump said he had authorized the reopening of the key waterway. Brent crude fell about 4% to $83.40 a barrel.
SpaceX adds to risk appetite
The rally followed a strong week for U.S. stocks, helped by SpaceX’s record-setting public debut. The company’s shares rose about 19% on their first day of trading, pushing its market value above $2 trillion and reinforcing demand for large technology and innovation-linked listings.
That momentum helped offset concerns from earlier in the week, when investors were focused on oil prices, inflation, and the risk of further military escalation. With SpaceX drawing strong demand and geopolitical pressure easing, traders moved back toward growth assets, particularly Nasdaq futures.
Gold shows the market is not fully convinced
The rise in gold stood out because it moved against the broader risk-on tone. Spot gold traded around $4,310 an ounce, while gold futures were also higher, suggesting investors were not fully ready to abandon defensive positions.
That caution reflects the fact that the agreement still faces implementation risk. The deal is expected to be signed later in Switzerland, and analysts warned that details remain thin. For markets, the next test will be whether Hormuz traffic normalizes and whether the ceasefire holds long enough to lower energy inflation pressure.
Earlier, we reported that oil prices fell after the announcement of the U.S.-Iran agreement.
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