
June S&P 500 E-Mini futures (ESM26) are up +0.28%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.47% this morning, supported by lower oil prices as the ceasefire in the Middle East appeared to be holding.
The U.S.-Iran ceasefire has been tested after Tehran opened fire on American warships on Monday amid a U.S. initiative to restore shipping in the Strait of Hormuz. After Iran launched cruise missiles and other projectiles at U.S. warships and commercial vessels, U.S. Central Command said it deployed Apache helicopters to sink the Iranian speedboats that were disrupting traffic in the strait. President Trump said that Defense Secretary Pete Hegseth would host a press conference on Tuesday. Meanwhile, CBS reported that U.S. destroyers USS Truxtun and USS Mason passed through the strait.