June S&P 500 E-Mini futures (ESM26) are up +1.02%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.94% this morning as sentiment got a boost after President Trump reportedly told aides he was willing to end the U.S. military campaign against Iran.
The Wall Street Journal reported that President Trump told aides he is willing to end the U.S. military campaign against Iran even if the Strait of Hormuz remains largely closed. In recent days, President Trump and his aides assessed that a mission to reopen the waterway would extend the conflict beyond his four- to six-week timeline, the report said. Trump told aides that the U.S. should achieve its primary objectives of crippling Iran’s navy and missile arsenal while applying diplomatic pressure on Tehran to resume the free flow of trade. Treasury yields fell following the WSJ report, with the benchmark 10-year yield dropping five basis points to 4.31%.
