President Donald Trump said the US will begin guiding ships not involved in the Iran conflict through the Strait of Hormuz from Monday, and described discussions with Tehran as “very positive” after it received Washington’s response to its latest proposal to end the war. The steps may pave the way for smoother energy flows and a potential deal, even as uncertainty over the conflict persists.
(May 4) : US stock futures rose and oil fell as improving risk sentiment was buoyed by prospects of shipping resuming through the Strait of Hormuz and progress toward a US-Iran deal.
S&P 500 Index futures gained 0.2% after the underlying gauge closed at a record high on Friday. Contracts for the Nasdaq 100 Index also advanced. Brent crude declined 2% in early trading Monday, while the dollar edged lower against most major peers. Japanese markets are shut for a holiday Monday.
