Kospi index and U.S. stock futures jump as new Hormuz talks send oil prices plunging amid Iran war pause while Wall Street awaits Fed meeting - Yahoo Finance

What the report says

Yahoo Finance, citing a Fortune story published Sunday evening, reported that U.S. stock futures and South Korea’s Kospi rose as investors reacted to a pause in U.S.-Iran attacks and possible negotiations over reopening the Strait of Hormuz. Futures linked to the Dow Jones Industrial Average were up 337 points, or 0.65%, while S&P 500 futures climbed 0.80% and Nasdaq futures rose 1.28%. The Kospi gained 74 points, or 1.1%, helped by chip-related developments involving SK Hynix and Samsung.

The report said oil prices fell sharply on hopes that diplomacy could ease shipping disruptions through the key waterway. U.S. crude dropped 5.44% to $84.45 a barrel, while Brent crude declined 5.25% to $91.70. Gold was also higher, rising 1.15% to $4,118 an ounce. Yahoo reported that Iran and Oman are discussing a potential arrangement under which Iran would manage vessel transit through the Strait of Hormuz with fewer limits on ships, though the article noted the United States and Iran’s neighbors would be unlikely to accept recognition of Tehran’s control there.

The report framed the market move against a broader backdrop of military and diplomatic uncertainty. It said President Donald Trump and Iranian officials have described active diplomacy after nearly two weeks of bombardment, while the U.S. has also increased forces in the Middle East. Yahoo cited Axios and The New York Times on reported military assessments about the limits and risks of renewed strikes.

Investors are also watching the Federal Reserve’s upcoming policy meeting and major technology earnings. Microsoft and Meta are due Wednesday, followed by Apple and Amazon Thursday, as markets assess AI-related spending and chip demand.