US stock futures climbed while oil prices extended their slump as President Donald Trump signed an interim deal to end the war with Iran and reopen the Strait of Hormuz.
Contracts on the S&P 500 climbed 0.8% while a gauge of Asian stocks rose 0.5%. Nasdaq futures jumped more than 1%. The moves followed a 1.2% drop in the US benchmark on Wednesday after the Federal Reserve signaled rates may need to rise further to contain inflation. Brent crude fell more than 1% early in Asia, dropping below $79 a barrel.
