March S&P 500 E-Mini futures (ESH26) are down -0.02%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.04% this morning, pointing to a muted open on Wall Street after a tech-led rebound in the prior session as attacks on critical energy infrastructure in the Middle East sparked a fresh climb in oil prices.
The price of WTI crude climbed over +3% after Iran intensified attacks on energy infrastructure around the Persian Gulf. In the latest developments, operations were halted at the Shah field in the United Arab Emirates, while an Iraqi oil field and a major Emirati port were also struck by Iranian drones and missiles. Also, no immediate relief emerged for the Strait of Hormuz, as several U.S. allies rejected President Trump’s request to help reopen the key oil route.
