U.S. Futures Slip as Countdown Nears for Strait of Hormuz Reopening Deadline
U.S. equity futures edged lower Monday evening as markets monitored President Trump’s deadline for Iran to reopen the Strait of Hormuz following Tehran’s rejection of a U.S.-backed ceasefire proposal. The pause in oil transit and a weaker-than-expected ISM non-manufacturing PMI, alongside a sharp rise in the prices-paid index, contributed to market…