[MARKET UPDATE] US equity futures begin mildly lower with Emini S&P down about 0.2%, while crude futures are lifted with WTI up by more than 3% after US President Trump said he doesn't like Iran's response which he called "TOTALLY UNACCEPTABLE!”
Context
President Trump's strong condemnation of Iran's response indicates escalating tensions, which is likely to keep geopolitical risk premiums elevated in the oil market. The positive reaction in crude futures suggests that traders are pricing in potential supply disruptions, while the minor pullback in US equities reflects caution in risk sentiment amid these developments. Overall, watch for further market reactions as the situation unfolds and impacts energy prices and broader risk assets.
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