[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
The pressure on US index futures alongside the rise in oil prices reflects heightened geopolitical tensions following Trump's threats against Iran.
Explosions reported at US-linked facilities in Abu Dhabi, according to Fars News Agency
US President Trump said in brief phone interview with The Hill that he is not ruling out ground troops in Iran if Tehran does not make a deal and said “If they were smart they would make a deal”
[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
Iranian media reported an explosion in Shiraz early Monday morning, according to Iran International
[CALENDAR ADDITION] White House says due to popular demand from the press, President Trump's news conference on Monday will now take place in the White House briefing room at 13:00EDT/18:00BST
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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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