[MARKET UPDATE] US index futures are pressured (Emini S&P -0.6%, Emini Nasdaq 100 -0.8%), while oil futures climb (WTI +1.4%) after Trump's threats to attack Iran's power plants and bridges if they don't open up the Strait of Hormuz by Tuesday evening
Context
The pressure on US index futures alongside the rise in oil prices reflects heightened geopolitical tensions following Trump's threats against Iran. This situation may result in increased volatility in equities and energy markets, as traders assess the risks of potential military action and its implications for oil supply, particularly through crucial trade routes like the Strait of Hormuz.
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