U.S. stock futures point sharply lower Tuesday despite Monday's recovery, as escalating tensions with Iran weigh on markets. Dow futures fell 540 points, while Brent crude climbed 4.3% to $81.10. Investors assess Trump's comments suggesting the conflict could extend beyond initial timeline projections amid military escalation.

Middle East conflict intensifies after U.S. and Israel strikes killed Iran's leader and sank at least 10 warships. Iran vows to attack ships passing through the Strait of Hormuz, threatening 20% of global oil supplies. Amazon reported its UAE and Bahrain facilities hit by drone strikes, disrupting cloud services and travel stocks.

Spot gold edges lower as the dollar strengthens, while Target prepares earnings amid consumer spending concerns. Despite Trump's "roaring economy" claims, 68% of Americans disagree. Oil markets watch for OPEC+ response to potential supply disruptions, with analysts warning sustained Hormuz closure could push prices materially higher.