June S&P 500 E-Mini futures (ESM26) are up +0.03%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.01% this morning as investors await the outcome of diplomatic efforts aimed at ending the Iran war.
The U.S. is awaiting Iran’s response to its proposal to reopen the Strait of Hormuz and end the war. Bloomberg reported on Wednesday that Washington has conveyed a one-page memorandum to the Islamic Republic that would gradually reopen the waterway and remove the American blockade on Iranian ports. Iran is expected to deliver its response through Pakistan in the coming days, the report said. Meanwhile, an Israeli strike on Lebanon’s capital on Wednesday underscored how tensions remain high.
