U.S. stock futures pointed to a strong start for trading on Monday, with investors expected to build on the gains recorded during the previous two sessions following news that Washington and Tehran have agreed to end a conflict that has lasted for more than three months.
The positive sentiment comes as markets ***** s the potential economic impact of the emerging agreement and its implications for energy prices and inflation.
President Donald Trump said on Truth Social that an agreement with Iran is "now complete" and announced the "toll free opening" of the Strait or Hormuz along with the immediate removal of the U.S. blockade on Iranian ports.
Trump later clarified that the Strait of Hormuz would reopen once the agreement is formally signed on Friday, allowing mine-clearing operations to be completed first.
Reports indicate that the arrangement extends the ceasefire between the United States and Iran for 60 days, providing a framework for negotiations over Tehran's nuclear enrichment programme and the handling of its stockpile of highly enriched uranium.