U.S. stock futures declined as the Iran conflict enters its sixth day with no resolution in sight. Asian markets stabilized after steep declines, while European stocks edged lower. Investors worry about disruptions to oil and gas flows through the Strait of Hormuz, with energy-importing regions anxious about inflationary pressures that could impact consumer spending.

Oil prices continued climbing, with Brent rising 2.9% to $83.75 a barrel and WTI gaining 3.2% to $77.08. American consumers already face gasoline price increases. Republican senators blocked a measure limiting President Trump's ability to continue military action without congressional approval, voting 53-47 against the resolution as Iran launched fresh missiles at Israel.

Broadcom shares jumped 6% in after-hours trading after beating earnings expectations with $2.05 per share on $19.31 billion revenue. The company also announced a $10 billion buyback. In China, policymakers set a GDP growth target of 4.5% to 5% for 2026, the lowest since 1991, reflecting a more pragmatic approach amid economic challenges.