March S&P 500 E-Mini futures (ESH26) are down -0.32%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.36% this morning, pointing to a lower open on Wall Street as worries about a potential conflict between the U.S. and Iran dampened sentiment.
Investors remain on edge about the prospect of U.S. military intervention in Iran, even as talks on Tehran’s nuclear program in Geneva showed signs of progress. The Wall Street Journal reported on Wednesday that the U.S. has assembled its largest air power presence in the Middle East since the 2003 invasion of Iraq and is in a position to strike Iran. The head of the United Nations nuclear watchdog warned on Thursday that the window for a diplomatic deal on Iran’s atomic program is closing. The price of WTI crude rose above $66 a barrel.
