June S&P 500 E-Mini futures (ESM26) are down -0.31%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.25% this morning as oil prices advanced amid waning optimism about the U.S.-Iran ceasefire.
Israel’s deadly strikes in Lebanon created an early rift between the two sides, jeopardizing the fragile ceasefire in the Middle East. While Iran has reiterated that its ceasefire with the U.S. should include a halt to the fighting in Lebanon, the U.S. has maintained that Lebanon was not part of the agreement. Iranian Parliament Speaker Mohammad Bagher Ghalibaf said that three provisions of the ceasefire proposal have been violated so far. Meanwhile, Iran continued launching missiles and drones at Arab nations in the Persian Gulf.
