US stock futures are trending higher despite the implementation of a naval blockade on Iranian ports. Investors appear to be discounting the immediate risks of escalation in the Middle East.
- Naval blockade of Iranian ports effective as of Monday morning
- S&P 500, Nasdaq, and Dow futures all trending higher in pre-market
- Market reaction suggests a potential decoupling from geopolitical risk
- Strait of Hormuz remains a critical global energy chokepoint
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