US Stock Futures Slip as US-Iran Deal Hope Fades: Markets Wrap

US equity futures declined while the dollar rose against most major peers in early trading after President Donald Trump rejected Iran’s response to his latest proposal to end the war, likely prolonging the closure of the Strait of Hormuz. Oil climbed.

S&P 500 futures contracts fell 0.3% in early Asia trading. The dollar climbed against major peers, with the pound among the laggards as UK Prime Minister Keir Starmer came under pressure to step aside after poor local election results. Brent crude rose 2.7% at the open on Monday.