U.S. stock futures climbed Thursday as investors bet on continued diplomatic progress between the U.S. and Iran. The S&P 500 and Nasdaq composite both hit record highs Wednesday, with futures pointing to further gains. Markets are optimistic that cease-fire talks could extend, reducing geopolitical risks in the Middle East.

Asian markets rallied strongly overnight, with Japan's Nikkei surging 2.4% and South Korea's Kospi gaining 2%. The broad regional gains reflect improving sentiment around global trade and energy stability. Oil prices remained relatively stable, with Brent crude holding near $95.50 per barrel after closing flat in the previous session.

The market's positive reaction suggests investors are pricing in reduced conflict risk and potential economic normalization. With major indices at all-time highs, traders are watching diplomatic developments closely, as any breakthrough could further boost risk assets while keeping energy markets in check.