Wall Street futures rose up to 1 percent on Tuesday, pointing to a firm start for US markets, while oil prices eased around 1 percent after reports that US President Donald Trump is open to ending the
war in Iran.
At around 10:45 am IST, Nasdaq-100 futures were up 0.55 percent. S&P 500 futures gained 0.7 percent, while Dow Jones Industrial Average futures rose 0.8 percent.
Oil prices, however, reversed early gains after reports that Trump had told aides he is willing to end the military campaign without insisting on the immediate reopening of the Strait of Hormuz.
Brent crude futures for May fell $1.22, or 1.08 percent, to $111.56 per barrel after rising nearly 2 percent earlier in the session. The May contract expires on Tuesday, while the more active June contract was trading at $105.76.
Analysts said the pullback reflects a near-term reaction to easing geopolitical tensions, though any sustained decline would depend on a full restoration of oil flows through the Strait of Hormuz.
A report by The Wall Street Journal, citing administration officials, said Trump is willing to end the conflict even if the key shipping route remains largely closed, with reopening to be addressed later.
Asian markets remained under pressure. Japan’s Nikkei fell 1.3 percent and is set to decline 12.6 percent for the month, while South Korea’s Kospi dropped 3.46 percent and is headed for its steepest monthly fall since 2008.
Back home, Indian benchmark indices ended the final trading session of FY2025–26 sharply lower amid weak sentiment linked to the West Asia conflict and elevated crude prices.
The Sensex plunged 1,635.67 points, or 2.22 percent, to close at 71,947.55, after hitting an intraday low of 71,774.13. The Nifty fell 488.20 points, or 2.14 percent, to settle at 22,331.40.
