March S&P 500 E-Mini futures (ESH26) are up +0.59%, and March Nasdaq 100 E-Mini futures (NQH26) are up +0.66% this morning, pointing to a higher open on Wall Street as Treasury yields retreated, while investors continued to monitor developments in the Middle East and awaited the Federal Reserve’s meeting.
The Middle East conflict has moved into its third week. U.S. forces in recent days targeted military sites on Kharg Island, home to Iran’s main oil-export terminal, though they did not damage the island’s energy infrastructure. The Central Command said U.S. forces struck 90 military targets on the island “while preserving the oil infrastructure.” At the same time, Iran launched an attack on the oil port in Fujairah in the United Arab Emirates.
