June S&P 500 E-Mini futures (ESM26) are down -0.14%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.01% this morning, taking a breather after a recent rally, while investors assess the prospects for an end to the Middle East conflict.
U.S. President Donald Trump remains optimistic that the U.S. can reach an interim peace deal with Iran “over the next week.” The Lebanese embassy in the U.S. said it had received confirmation of Hezbollah’s acceptance of a U.S. proposal to halt attacks on Israel, with Israel agreeing to refrain from strikes on the Lebanese capital. A halt to Israel’s expanded offensive in Lebanon is becoming increasingly important to U.S. efforts to reach a memorandum of understanding with Iran aimed at reopening the Strait of Hormuz. Meanwhile, Iran’s Mehr news agency reported on Tuesday that officials in Tehran are reviewing their “final text” before sending it to the U.S.
