| US stock futures are trading lower, although they have recovered part of the losses seen after President Trump ordered a US blockade of the Strait of Hormuz following the collapse of US-Iran negotiations over the weekend. The spike in oil prices has renewed concerns about inflationary pressures and a potential drag on global growth. Oil surged back above $100 per barrel, while equities declined and bonds also edged lower after the weekend deadlock in US-Iran peace talks. Negotiations led this weekend by Vice President JD Vance collapsed after Iran refused to abandon its nuclear program, prompting the United States to impose a naval blockade on the Strait of Hormuz, a critical global energy chokepoint. According to media reports, President Donald Trump is considering renewed military action against Iran, including limited strikes, following the breakdown in talks. US demands in any renewed negotiations include reopening the strait without tolls, ending uranium enrichment, dismantling nuclear facilities, and stopping support for regional proxy groups. Markets enter the day in negative territory after a strong week, during which the S&P 500 rose 3.6%, the Dow gained 3.0%, and the Nasdaq advanced 4.7%. The Nasdaq extended its winning streak to eight consecutive days on Friday, while the S&P 500 ended its seven-day winning streak. |