Trump Administration Official Says US, Iran Will ‘Stand Down’ For Now And Vessels Can Move ‘Freely’: Oil

Late Sunday, U.S. stock futures traded higher as the Donald Trump administration reportedly said the U.S. and Iran would “stand down” for now following an exchange of strikes.

Dow Futures Rise As US-Iran Tensions Show Signs Of Easing

Dow futures rose 127.00 points, or 0.24%, to 52,336.00, while S&P 500 futures gained 28.00 points, or 0.38%, to 7,429.75 and Nasdaq 100 futures climbed 63.50 points, or 0.22%, to 29,431.75 as of around 8:52 p.m. EDT.

In commodities, WTI crude oil rose 1.05% to $69.96 per barrel, while Brent crude gained 0.75% to $72.53 per barrel. Natural gas futures edged up 0.52% to $3.296 per MMBtu.

Meanwhile, the U.S. dollar index, which tracks the greenback against a basket of currencies, stood at 101.365, little changed on the day.

Asian markets were lower, with South Korea’s KOSPI falling 1.96% to 8,246.75, while Japan’s Nikkei 225 declined 1.60% to 68,253.39.