Equity futures edged higher and crude oil prices retreated as investors bet on a diplomatic resolution to the conflict in Iran. The optimism comes despite a continuing U.S. naval blockade of the Strait of Hormuz.
- Dow futures rose 43 points (0.1%)
- S&P 500 and Nasdaq 100 futures both trended higher
- Oil prices declined on peace deal expectations
- U.S. blockade of the Strait of Hormuz remains in effect
- Markets are reacting to potential diplomatic resolutions
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