Bonds & Stocks
US stock futures fluctuated and crude oil dipped as investors focused their attention on a report of a push to secure a potential ceasefire in the war in Iran. S&P 500 futures rose 0.1%. The yield on 10-year Treasuries advanced two basis points to 4.36%.
Economy
OPEC+ warned that damage to Middle East energy assets will have a prolonged impact on oil supply even after the Iran war ends, as it approved a symbolic increase in output quotas for next month.
World
US allies are reportedly pressing for a last-minute deal with Iran, as President Donald Trump extended his deadline to Tuesday for Tehran to reopen the Strait of Hormuz, keeping markets on edge over whether a breakthrough can be reached.