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U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil 
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
Oil Prices Fall as Markets Await U.S.-Iran Peace Deal Decision 
Oil Prices Set for Sharp Weekly Losses as U.S.-Iran Ceasefire Hopes Ease Supply Concerns 
ECB’s Philip Lane Warns Middle East Conflict Could Keep Inflation Elevated 
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment 
Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment 
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge 
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes 
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground 
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path 
U.S. stock index futures moved slightly lower on Wednesday evening after major benchmarks, including the S&P 500 and Nasdaq Composite, closed at fresh record highs. Investors remained cautious as geopolitical tensions between the United States and Iran continued, despite an extended ceasefire announced by President Donald Trump.
S&P 500 Futures declined by 0.3% to 7,153.25 points, while Nasdaq 100 Futures slipped 0.1% to 27,045.0 points. Dow Jones Futures recorded a sharper drop of 0.5%, settling at 49,436.0 points. The pullback in futures came after a strong regular trading session, where the S&P 500 gained 1.1% to surpass the 7,130 mark, and the Nasdaq Composite surged 1.6%, driven largely by strength in technology stocks. The Dow Jones Industrial Average also posted a solid 0.7% increase.
Market optimism earlier in the day was fueled by news that President Trump extended a ceasefire with Iran following a request from Pakistan. This development initially reduced fears of further escalation in the Middle East. However, investor sentiment shifted after reports that Iran’s Islamic Revolutionary Guard Corps seized two container ships and opened fire on another vessel in the Strait of Hormuz, a vital global oil shipping route.
The incident raised concerns about the stability of the ceasefire and highlighted ongoing risks in the region. As a result, oil prices surged above $100 per barrel, adding to market volatility and increasing concerns about global supply disruptions.
On the corporate front, strong earnings and positive outlooks supported equities. Micron Technology reached record highs, while GE Vernova jumped after raising its revenue forecast. Boeing shares climbed on robust aircraft demand, and Boston Scientific gained following better-than-expected results.
Tesla also remained in focus after reporting mixed quarterly earnings. The company posted revenue of approximately $22.4 billion, falling short of expectations, although profit and free cash flow exceeded forecasts. Tesla stock initially rose in after-hours trading before reversing direction.
Investors are now closely watching upcoming earnings reports from major companies including Honeywell, American Express, Blackstone, American Airlines, and Lockheed Martin, which could further influence market direction.
