U.S. Futures Slip as Iran War Developments Keep Markets on Edge

U.S. stock futures moved slightly lower on Thursday as investors tracked ongoing developments surrounding potential negotiations to end the Iran conflict.

By 04:18 ET (08:18 GMT), Dow Jones Futures declined 203 points (0.4%), S&P 500 Futures dropped 35 points (0.5%), and Nasdaq 100 Futures fell 156 points (0.6%).

Wall Street ended the previous session higher, supported by optimism that diplomatic talks between the United States and Iran could materialize. Reports suggest Iran has signaled openness to negotiations, while U.S. officials may pursue discussions in the coming days.

However, uncertainty remains high as both sides appear far apart on key demands. Military activity in the region continues, with additional troop deployments and ongoing strategic operations.

Oil Holds Above $100 Amid Supply Concerns

Oil prices remained elevated above the $100 mark as traders assessed the risk of prolonged supply disruption.

Brent crude traded at $105.73 per barrel, while West Texas Intermediate (WTI) rose to $93.67 per barrel.

The Strait of Hormuz, a key global energy route, remains effectively restricted due to ongoing threats, disrupting the flow of oil and natural gas supplies.

While reports indicate Iran is reviewing a peace proposal, geopolitical tensions remain unresolved, keeping energy markets volatile.

Dollar Strengthens as Safe-Haven Demand Rises

The U.S. dollar continued to strengthen, supported by elevated oil prices and safe-haven demand.

The U.S. Dollar Index rose slightly to 99.70, maintaining an upward trend over the past month.

Investors continue to favor the dollar amid geopolitical uncertainty, with markets requiring clearer signs of de-escalation before risk appetite improves significantly.

Gold Declines Under Dollar Pressure

Gold prices slipped as the stronger dollar and expectations of higher interest rates weighed on the metal.

Spot gold fell 1.7% to $4,432.27 per ounce, while gold futures declined 2.7% to $4,461.59 per ounce.

Despite geopolitical tensions, gold has struggled to regain momentum, with prices currently trading within a defined range. Analysts suggest that a sustained move above key resistance levels is needed to shift the market sentiment.

Jefferies Earnings Disappoint

Jefferies Financial reported weaker-than-expected earnings for the first quarter, as losses on loans to failed companies offset gains from investment banking activity.

The firm recorded approximately $17 million in losses linked to troubled companies, impacting overall performance.

Despite this, management remains optimistic about dealmaking activity, noting that global mergers and acquisitions and initial public offerings are expected to remain strong if geopolitical tensions ease.

Global deal activity has already surpassed $1 trillion in 2026, reflecting continued momentum in financial markets.

Prepared for educational purposes by ThePipLab.