Dow Jones futures pare its intraday losses, remaining down by 0.56%, near 49,350 during the European hours ahead of the United States (US) regular opening on Monday.
Meanwhile, the S&P 500 fall 0.23% to near 7,410, and the Nasdaq 100 futures hovers near 29,240
US stock futures post mixed results as market sentiment improves on easing oil prices, following the reports that Iranian and Omani technical teams met last week in Oman to negotiate a mechanism for safe transit in the Strait of Hormuz. The Iranian foreign ministry has confirmed that indirect diplomatic channels with the United States remain operational despite the recent rise in tensions between the two nations. Officials in Tehran clarified that while the broader process of dialogue is currently navigating a highly challenging path, communication has not broken down.
During earlier trading hours on Monday, market sentiment remains deeply cautious following recent drone attacks on both the United Arab Emirates (UAE) and Saudi Arabia, alongside escalating geopolitical tensions between the United States and Iran. Additionally, US President Donald Trump plans to meet with top national security advisers to discuss military options regarding Iran, further deepening the risk of a wider regional conflict. Recent economic data also pointed to accelerating US inflation, leading markets to fully rule out any Federal Reserve rate cuts this year.