Market Snapshot
Futures are rallying sharply on the most concrete de-escalation signal since the Iran conflict began. The White House reportedly sent Tehran a 15-point peace proposal, and Trump said Iran has offered a “gesture of goodwill” on Strait of Hormuz energy flows. Brent has dropped 5% below $100. Pakistan has offered to host direct talks.
- S&P 500 Futures: ~6,620, up 0.8%