Investors monitor mixed futures after Iran escalates demands, dimming hopes for a swift resolution to shipping lane disruptions.
U.S. stock index futures traded mixed Monday as optimism for reopening the Strait of Hormuz waned. Iran’s additional demands complicated negotiations, offsetting earlier expectations of a quick de-escalation.
Prior sessions saw modest gains on hopes for reduced geopolitical risk. Consensus estimates had priced in a 60% chance of a diplomatic breakthrough within the week, according to market sources. The strait handles roughly 20% of global oil shipments.
No immediate market reaction was reported, though energy sector futures showed slight volatility in after-hours trading.