September S&P 500 E-Mini futures (ESU25) are up +0.06%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.04% this morning, pointing to a muted open on Wall Street as investors await Tehran’s response after the U.S. struck Iran’s nuclear facilities.
The U.S. struck three Iranian sites over the weekend that form the backbone of the country’s nuclear infrastructure. U.S. President Donald Trump hailed the strikes as a “spectacular military success” in a Saturday night address, while cautioning that more could follow if “peace does not come quickly.” Investors are watching for Iran’s response to the airstrike, as it could drive sentiment. Tehran has stated that all options are on the table, including trade disruptions through the Strait of Hormuz, a key route for 20% of global oil and gas shipments. Still, crude prices gave up earlier gains amid speculation that the threat of oil trade disruption may not materialize. Analysts noted that Iran will likely avoid a full-scale retaliation.
