Nasdaq, S&P 500, Dow Futures Climb While Oil Slides As US-Iran Deal Signals End To Hormuz Disruption: DJT, NFLX, GLXY, SPCX In Focus

U.S. stock futures climbed in the overnight session heading into Monday and oil prices fell lower after the U.S. and Iran reached a deal to reopen the Strait of Hormuz after months of conflict.

Dow futures were trading up by 0.73%, S&P 500 futures climbed nearly 1%, while Nasdaq 100 futures traded 1.60% higher as of 8.46 p.m ET.

The iShares 20+ Year Treasury Bond ETF (TLT) was also trading 0.59% higher amid ‘neutral’ sentiment at the time of writing.

On Friday, all three benchmark indexes closed higher following a blockbuster debut of Elon Musk’s SpaceX. The Dow led the uptick, closing 0.70% higher after adding more than 350 points. The S&P 500 ended the session 0.50% higher and the Nasdaq was up 0.31% at close.

The U.S. and Iran have confirmed that a peace framework to end the war has been reached, which will result in the reopening of the Strait of Hormuz after more than 16 weeks of being shut.

“The Deal with the Islamic Republic of Iran is now complete. Congratulations to all!” said U.S. President Donald Trump on Sunday in a post on Truth Social.

The president added that the Strait of Hormuz would be open and that “the immediate removal of the United States Naval blockade” would allow ships to pass through the critical waterways. “Ships of the World, start your engines. Let the oil flow!” he said.

In a separate post, Trump said that the Strait would open on Friday following a signing of the deal.

“This Great Deal will bring Peace and Security to the whole Region. Many presidents have tried to make Peace with Iran, and all have failed before me. The Leaders of the Region have, for the first time, found a President who can help them achieve real Peace. With the opening of the Strait upon the signing of the Deal on Friday, for purposes of mine removal, oil will flow on both ends again for the Region, and the World!” he said.

Earlier in the day, Pakistani Prime Minister Shehbaz Sharif confirmed the deal in a post on X, saying, “Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED. Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon.”

Sharif added that the official signing ceremony will be completed in Switzerland on June 19.

“Markets have been waiting for this news for months, and the relief is already showing, with oil sliding and risk assets catching a bid,” Josh Gilbert, lead analyst for Asia Pacific and the Middle East at eToro Ltd, said to Bloomberg.