The S&P 500 Index ($SPX) (SPY) today is down -0.41%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.66%. June E-mini S&P futures (ESM26) are down -0.42%, and June E-mini Nasdaq futures (NQM26) are down -0.69%.
Stock indexes are trading lower as crude oil prices soar due to doubts about the prospects for peace talks to end the Iran war. Iran on Saturday said the Strait of Hormuz was closed for shipping following a refusal by the US to lift a naval blockade of Iran's vessels. The UK reported Saturday that a tanker was approached by Iranian gunboats off the coast of Oman before being fired at, and an unknown projectile hit a container ship in a separate incident. India also said some of its ships were fired upon. A US-Iran ceasefire is due to expire at the end of Tuesday, and it’s unclear whether that truce will be extended, or whether talks between US and Iranian officials will go ahead this week.
