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Trump Iran Signal Sends S&P Futures Up 1% Amid Oil Surge and Market Uncertainty

Bloomberg Markets •
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S&P 500 futures rose 1% early Tuesday as President Trump signaled a potential end to hostilities with Iran, even as oil prices climbed following a drone attack on a Kuwaiti tanker near Dubai. This move came despite the S&P 500 being on track for its worst month since 2022, with equity futures still trailing overnight highs due to perceived White House policy volatility, according to JPMorgan's Andrew Tyler. The market reaction highlights the tension between Trump's diplomatic signals and the ongoing Middle East conflict, which has pushed US gasoline prices above $4 per gallon for the first time since 2022. Whoop Inc.'s $10.1 billion valuation marks a significant milestone ahead of its IPO, while Unilever's advanced talks to sell its food business to McCormick & Co. add another layer of corporate activity to an otherwise volatile session.