US-Iran Ceasefire Extension Lifts Market Sentiment Amid Hormuz Tensions

US equity futures trended higher on Wednesday morning as geopolitical tensions eased following a significant diplomatic announcement from the White House. President Donald Trump confirmed that the existing ceasefire between the United States and Iran has been extended indefinitely. The move comes at a critical time for global energy markets, as the Strait of Hormuz remains a flashpoint for regional instability. While the ceasefire extension reduces the immediate risk of direct military conflict, the persistence of shipping disruptions in the waterway suggests that operational risks for oil tankers and cargo vessels remain elevated. Investors reacted positively to the reduction in geopolitical risk, leading to a broad lift in premarket futures. The news provides a temporary reprieve for energy prices and risk assets, although traders remain cautious regarding the long-term stability of the agreement. While the broader market responded to the macro news, individual equities including Adobe (ADBE) and GitLab (GTLB) were noted as significant movers in early trading sessions.