June S&P 500 E-Mini futures (ESM26) are up +0.67%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.03% this morning as investors remained hopeful that the latest U.S. strikes on Iran would not derail talks to end the Middle East conflict.
The price of Brent crude advanced about +3% on Tuesday after the U.S. struck targets in southern Iran on Monday in what American military officials described as defensive actions. The U.S. sank two boats belonging to Iran’s Islamic Revolutionary Guard Corps that were laying mines in the Strait of Hormuz. Then, Iran began firing surface-to-air missiles at U.S. warplanes, prompting the U.S. to strike a missile launch site near Bandar Abbas. The strike came amid ongoing talks between the two countries to end the war.
