Overnight Developments
US-Iran Ceasefire Extension — Strait of Hormuz Blockade Continues — CNBC / Bloomberg
President Trump announced an extension of the US-Iran ceasefire to allow Tehran to submit a unified proposal, but the blockade of the Strait of Hormuz remains in place. With roughly 20% of global oil supply still affected, crude prices are pushing higher and risk sentiment is capped despite a modest futures bid. Affected sectors: Energy, Transportation, Airlines, Logistics, Consumer
Futures & Pre-Market
| Index | Futures | Change |
|---|---|---|
| S&P 500 | 7,141.25 | +0.21% |
| NASDAQ | 26,977.25 | +0.27% |
| DOW | 49,342.00 | +0.05% |
Watchlist Movers
- INTC -3.04% pre-market — Intel reports Q1 earnings after the close today; options market is pricing a ~9.9% move. Weakness reflects AI/CPU demand uncertainty heading into the print.
International Markets
Asia closed broadly weaker: Nikkei -0.72%, Hang Seng -0.95%, Shanghai -0.32%. Europe following suit in early trade: FTSE -0.81%, DAX -0.50%. Oil strength from Hormuz tensions is the dominant cross-asset driver.
What to Watch at Open
Watch crude and energy names for follow-through on the Hormuz headlines — any re-escalation could flip the modest futures bid into a risk-off tape. INTC earnings tonight is the marquee print; a miss or soft Q2 guide could weigh on the broader semis complex into Friday.
This alert is for informational purposes only and does not constitute financial advice.