Dow Futures Rise on Trump's Iran De-escalation
U.S. stock futures surged early Monday after President Donald Trump canceled a planned military strike against Iran, easing tensions that had driven oil prices higher over the weekend. The Dow Jones Industrial Average futures climbed 413 points (0.8%), while S&P 500 and Nasdaq-100 futures also rose modestly. Oil prices dropped sharply as investors anticipated reduced geopolitical risk. The decision to halt military action came after reports suggested a potential strike was imminent, which had raised fears of renewed conflict in the Strait of Hormuz. Trump announced his move on Sunday ahead of planned diplomatic talks with Iran. Despite the relief rally, some analysts remain cautious due to past volatility and uncertainty over long-term resolution. Global markets showed mixed reactions: European indices like Germany's DAX rose by 1.3%, while Asian markets were largely down following a volatile July session.